Fox River Grove, IL - Jewel-Osco

Description:

SRS Real Estate Partners–Midwest, LLC is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased Jewel-Osco investment property. The lease offers over 12 years of remaining primary term, with eight (8) additional 5-year renewal options, providing long-term income security. Rental increases every five years throughout the primary term and at the beginning of each option period drive NOI growth and provide a built-in hedge against inflation. The lease is backed by a corporate guaranty from Albertsons Companies, Inc., further strengthening the asset’s credit profile. The lease structure offers passive ownership with minimal landlord responsibilities.

The subject property anchors a larger shopping center featuring national brands including McDonald’s, Shell, and Ace Hardware, and is positioned within a dense retail corridor alongside Walgreens, Sherwin-Williams, Dunkin’, and numerous other national brands, all within walking distance. This strong retail synergy drives consistent consumer traffic and promotes cross-shopping at the subject property. The asset features prominent frontage along Northwest Hwy (25,500 VPD), near its intersection with State Hwy 22 (12,800 VPD), and benefits from multiple access points that support convenient ingress/egress and strong tenant performance. The 5-mile trade area includes more than 81,300 residents and 35,400 employees, with an affluent average household income of $153,517, underscoring strong local purchasing power and long-term retail demand.

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Listing ID: a28TP000002LtUzYAK