2317 75Th StWoodridge, IL 60517

Property Details for 2317 75Th St

Lot size

7.91 AC

Zone code

C

Property type

Commercial real estate

APN

08-25-400-037

APU

825400037

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $109,077,968

  Hospitality

  $99,914,832

  Educational

  $83,127,968

  Medical

  $85,986,864

  Retail

  $129,310,168

Location Insight

City

Woodridge

County

Dupage

State

Illinois

Latitude

41.7494

Longitude

-88.0389

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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