2317 75th St - Supermarket FOR SALE


Woodridge, IL 60517
$14,457,665 USD
619-417-5700
2317 75th St, Woodridge, IL for Sale
$14,457,665 USD
Supermarket - FOR SALE
1/6
null | 5.5% Cap Rate

2317 75th St
Woodridge, IL 60517


HIGHLIGHTS

  • Albertsons corporate guaranteed lease
  • Approximately 15 years remain, plus eight (8), five year options to renew the lease
  • Absolute Triple Net - Zero Landlord Responsibilities
  • Fee simple ownership
  • Strong demographics and traffic counts
  • Long term history of success; operating at this location since 1978

OVERVIEW

Kidder Mathews and Parasell, Inc. are pleased to offer for purchase an Albertsons grocery store (with a corporate guarantee) located in Woodridge IL. Albertsons has approximately 15 years remaining, plus eight (8), five year options to renew the lease. The lease is absolute triple net with zero landlord responsibilities. The tenant has a long term history of success, operating at the site since 1978 and signed a new 20 year lease in June 2019. Regular rent increases are included in the lease structure (contact broker for details). Woodridge Illinois/Chicago Illinois Woodridge is a southwestern suburb of Chicago and is considered one of the best places to live in Illinois. Woodridge, IL, is a very safe place to live; according to the FBI, its crime rate is 85.8% lower than the state and 88% lower than the country. Since Woodbridge is only 30 miles from downtown Chicago, residents of Woodridge can live in a safe and beautiful suburb and drive into the city for the wonderful activities Chicago has to offer such as: architecture river cruise, the Art Institute of Chicago, Millennium Park, Museum of Science and History, the Skydeck, Wrigley Field, the Lincoln Park Zoo, The Chicago Theatre, Chicago Riverwalk and many, many outstanding shopping opportunities and restaurants, coffee bars, wine bars, and microbrewery spots throughout the city.

FOR SALE DETAILS

PRICE

$14,457,665 USD

PRICE/SF

$233 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jewel Osco Grocery Store

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

481

LAND DETAILS

LAND ACRES

8.01 AC

LAND SF

348,916 SF

ZONING

B-1

APN/PARCEL ID

08-25-400-037

ASK ABOUT THIS PROPERTY

Paula DankerKidder MathewsMore Info
619-417-5700

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Paula DankerKidder MathewsMore Info
619-417-5700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.