Naperville Jewel-Osco Net-Lease
For Sale
Contact for pricing
1759 W Ogden Ave, Naperville, IL 60540
Long-term net lease investment opportunity in Naperville, Illinois.
Property Size65,083 SF
Price / SF$224.12
Days on Market619
Property Features for 1759 W Ogden Ave
General Information
Standard status
Active
Size
65,083 SF
Property subtype
Retail
Building Details
Year Built
1994
Listing Agency:
Marcus & Millichap - Encino
Listed By:
Lior Regenstreif · License #CA 01267761
Source:
Crexi
Added: Nov 18, 2024
Changed: Jul 6
Last Checked: Jul 29 at 8:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Encino
Investment Insights
Based on property information with market context.
This passive net-lease opportunity allows a qualified buyer to invest in a leading, national tenant with a long-term absolute net lease in a desirable Chicago neighborhood. The property is located in Naperville, Illinois, within the Chicago Metropolitan Statistical Area (MSA). Naperville combines a close-knit community with the dynamic energy of a major metro region. As one of the largest suburbs of Chicago, Naperville benefits from access to business opportunities, a skilled workforce, and the cultural richness of a globally renowned city. The location has strong store sales and a low rent-to-sales ratio. Jewel-Osco is Illinois' leading supermarket chain with 189 locations primarily within the Chicago MSA and additional locations throughout Iowa and Indiana. Jewel-Osco maintains market dominance in the Chicago MSA and leads local grocers with the highest market share. Jewel has operated as a subsidiary of Albertsons (NYSE:ACI) since 1999. The property size is 65083 square feet.
Key Highlights
- Long‑term absolute net lease with Jewel‑Osco, a leading national tenant.
- Jewel‑Osco is Illinois' leading supermarket chain with market dominance in the Chicago MSA.
- Strong store sales and an extremely low rent‑to‑sales ratio.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $929.4k | $14.28 |
| − Vacancy | −$72.5k | −$1.11 |
| EGI | $856.9k | $13.17 |
| − OpEx | −$214.2k | −$3.29 |
| NOI | $642.7k | $9.87 |
65,083 SF · lease $14.28/SF/yr · vacancy 7.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$9.18M
$8.03M – $10.71M
NOI $642,670 @ 7.0% cap · market cap 4.41%
Second Best
Retail
$8.57M
$7.50M – $10.00M
NOI $599,825 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$14.69M
$12.85M – $17.14M
NOI $1,028,353 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
744
Businesses Nearby
218k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 35%
Home Improvements & Furnishings 23%
Shops & Services 19%
Dining 14%
Menards
Home Improvements & Furnishings
50,714 visits/mo
0.5 miles
Jewel-Osco
Groceries
46,275 visits/mo
0.0 miles
Patel Brothers
Groceries
29,605 visits/mo
0.5 miles
Goodwill
Apparel
19,972 visits/mo
0.4 miles
Speedway
Shops & Services
15,813 visits/mo
0.2 miles
Demographics for 60540, IL
44,201
Population
16,253
Households
2.7
Avg Household Size
41
Median Age
72%
College-Educated
98%
High-School Grad
13.2 sq mi
ZIP Area
3,349
Density / Sq Mi
$155,866
Median Household Income
$70,026
Median Earnings
$1,982
Median Rent
$504,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Target Grocery — 1951 W Jefferson Ave, Naperville, IL 60540
- Patel Brothers — 1568 W Ogden Ave, Naperville, IL 60540
- Jewel-Osco — 1759 W Ogden Ave, Naperville, IL 60540
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Long-term net lease investment opportunity in Naperville, Illinois.
Where is this grocery and convenience store located?
The property is located at 1759 W Ogden Ave Naperville, IL.
What is the asking price?
The asking price for this property is $14,586,540.
What are key features of this property?
This property features: Long‑term absolute net lease with Jewel‑Osco, a leading national tenant.; Jewel‑Osco is Illinois' leading supermarket chain with market dominance in the Chicago MSA.; Strong store sales and an extremely low rent‑to‑sales ratio.
