For Sale
$16,938,527.27

2051 Ridge Rd Minooka, IL 60447

High-yield, NNN-leased grocery store

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional investment opportunity presents a fee-simple, 61,881 square-foot Albertsons grocery store in Minooka, Illinois. Boasting a 100% occupancy rate, the property benefits from a corporate-guaranteed, absolute triple-net (NNN) lease with zero landlord responsibilities. The lease, commencing June 28, 2019, has a remaining term of approximately 14.6 years, with eight five-year renewal options. The property, built in 2005 and renovated in 2016, sits on a substantial 316,681-square-foot lot. The current asking price is $16,938,527.27, representing a compelling $273.73 per square foot and a 5.50% cap rate based on a Net Operating Income (NOI) of $931,619. Regular rent bumps are included in the lease structure. This single-tenant, Class A property offers a secure, long-term investment with significant upside potential. Located at 2051 Ridge Road, Minooka, IL 60447, this asset provides a strong return on investment in a stable market. The Albertsons lease provides a high degree of security and predictable cash flow, making this an attractive opportunity for discerning investors seeking a low-maintenance, high-return investment. The property's size, location, and tenant history contribute to its strong financial performance and long-term viability.

Highlights

  • Albertsons-anchored grocery store with a corporate guarantee.
  • Approximately 15 years remaining on the lease, plus eight 5-year renewal options.
  • Absolute triple-net lease with zero landlord responsibilities.
  • Fee simple ownership.
  • 61,881 square foot building on a 316,681 square foot lot, built in 2005 and renovated in 2016.
  • $16,938,527 asking price, representing a 5.50% cap rate and $273.73 per square foot.

Property Details for 2051 Ridge Rd

Property type
Retail properties, Grocery and convenience stores
Square Feet
61,881 SF
Class
A
Year Built/Renovated
2005/2016
Buildings
1
Stories
1
Lot Size (sq. ft)
13,794,624,360 SF
Units
1

Location Insight

City
Minooka
County
Grundy
State
Illinois
Latitude
41.420041827925
Longitude
-88.272235894703

FAQs

What type of property is this?
Retail property - High-yield, NNN-leased grocery store
Where is the retail property located?
The property is located at 2051 Ridge Rd Minooka, IL.
What is the asking price?
The asking price for this property is $16,938,527.27.
What are key features of this property?
This property features: Albertsons-anchored grocery store with a corporate guarantee.; Approximately 15 years remaining on the lease, plus eight 5-year renewal options.; Absolute triple-net lease with zero landlord responsibilities.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2051 Ridge Rd
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