For Sale
$14,457,654.55

2317 75Th St Woodridge, IL 60517

High-yield, NNN-leased grocery store

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional investment opportunity presents a fee-simple owned, 62,091 square foot Albertsons grocery store in Woodridge, Illinois. The property boasts a strong corporate guarantee, a remaining lease term of approximately 14.6 years with eight five-year renewal options, and an absolute triple-net (NNN) lease structure, eliminating all landlord responsibilities. Located on a substantial 344,560 square foot lot at 2317 75th St, Woodridge, IL 60517, this Class A asset offers a compelling 5.50% cap rate based on a Net Operating Income (NOI) of $795,171 and an asking price of $14,457,654.55 ($232.85/sq ft). The single-story building, constructed in 1978, benefits from a long-standing tenant history, with Albertsons operating successfully at this location since its inception. The lease commenced July 1, 2019, and expires June 30, 2039. This property is ideal for 1031 exchange investors seeking a secure, high-performing retail investment with significant long-term potential in a desirable suburban Chicago location. The property's strong demographics and high traffic counts further enhance its investment appeal.

Highlights

  • Albertsons corporate-guaranteed lease.
  • Approximately 15 years remaining, plus eight 5-year renewal options.
  • Absolute triple-net lease; zero landlord responsibilities.
  • Fee simple ownership.
  • Strong demographics and traffic counts in Woodridge, IL, a southwest Chicago suburb.
  • Albertsons has operated successfully at this location since 1978.

Property Details for 2317 75Th St

Property type
Retail properties, Grocery and convenience stores
Square Feet
62,091 SF
Class
A
Year Built
1978
Buildings
1
Stories
1
Lot Size (sq. ft)
15,009,033,600 SF
Units
1

Location Insight

City
Woodridge
County
DuPage
State
Illinois
Latitude
41.7504061
Longitude
-88.0390961

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 2317 75Th St Woodridge, IL.
What is the asking price?
The asking price for this property is $14,457,654.55.
What are key features of this property?
This property features: Albertsons corporate-guaranteed lease.; Approximately 15 years remaining, plus eight 5-year renewal options.; Absolute triple-net lease; 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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2317 75Th St
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