145 Eastwood DrWoodstock, IL 60098

Property Details for 145 Eastwood Dr

Year built

2004

Lot size

9.51 AC

Property size (Sq ft)

64,528 SF

Property type

Commercial real estate

APN

13-05-478-016

APU

1305478016

Description

This exceptional investment opportunity presents a fee-simple ownership of a 64,563-square-foot Albertsons grocery store in Woodstock, Illinois. Located at 145 S Eastwood Dr, 60098, this Class A property boasts a strong corporate guarantee and a remaining lease term of approximately 14.6 years, with eight five-year renewal options. The absolute triple-net (NNN) lease structure ensures zero landlord responsibilities, providing a passive income stream. The property, built in 2004 and operating continuously since then, generates a substantial net operating income (NOI) of $962,439, resulting in a compelling 5.50% cap rate. The asking price is $17,498,891, translating to $271.04 per square foot. The 414,256-square-foot lot offers significant potential, and the lease includes regular rent bumps. This single-tenant, 100% occupied property represents a secure and lucrative investment opportunity in a desirable location. The property is situated on a large lot and benefits from strong demographics and high traffic counts. This is a rare chance to acquire a well-established, high-performing asset with significant long-term growth potential. The lease commenced July 1, 2019, and expires June 30, 2039.

• Alternative Use

  Use

  Valuation

  Residential

  $13,336,253

  Hospitality

  $12,215,936

  Educational

  $10,163,515

  Medical

  $10,513,054

  Retail

  $15,809,913

Location Insight

City

Woodstock

County

Mchenry

State

Illinois

Latitude

42.315

Longitude

-88.4341

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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