Jewel-Osco Net-Lease Investment
7122 40th St Stickney, IL 60402
For Sale
Contact for pricing
Long-term net lease with leading national tenant in Chicago MSA.
Property Size59,009 SF
Price / SF$196.59
Days on Market619
Property Features for 7122 40th St
General Information
Standard status
Active
Size
59,009 SF
Property subtype
Retail
Building Details
Year Built
1996
Listing Agency:
Marcus & Millichap - Encino
Listed By:
Lior Regenstreif · License #CA 01267761
Source:
Crexi
Added: Nov 18, 2024
Changed: Jul 10
Last Checked: Jul 28 at 10:31AM
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 within a desirable Chicago neighborhood. The location benefits from strong store sales and a low rent-to-sales ratio. Jewel-Osco, Illinois' leading supermarket chain, operates 189 locations primarily within the Chicago MSA, with 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 since 1999. The property is located in Stickney, Illinois, which is part of the Chicago Metropolitan Statistical Area (MSA). Stickney offers suburban tranquility and convenient access to Chicago's job market, cultural attractions, and diverse dining scene.
Key Highlights
- Long‑term absolute net lease with a leading, national tenant (Jewel‑Osco).
- Located in a highly desirable Chicago neighborhood.
- Incredibly strong store sales.
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 | $1.42M | $24.00 |
| − Vacancy | −$99.1k | −$1.68 |
| EGI | $1.32M | $22.32 |
| − OpEx | −$329.3k | −$5.58 |
| NOI | $987.8k | $16.74 |
59,009 SF · lease $24.00/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$14.11M
$12.35M – $16.46M
NOI $987,811 @ 7.0% cap · market cap 8.52%
Second Best
Retail
$11.70M
$10.24M – $13.65M
NOI $819,054 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$20.37M
$17.83M – $23.77M
NOI $1,426,118 @ 7.0% cap · market cap 12.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Jewel-Osco — 7122 40th St, Stickney, IL 60402
- Berwyn Fruit Market — 3811 S Harlem Ave, Berwyn, IL 60402
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Long-term net lease with leading national tenant in Chicago MSA.
Where is this grocery and convenience store located?
The property is located at 7122 40th St Stickney, IL.
What is the asking price?
The asking price for this property is $11,600,352.
What are key features of this property?
This property features: Long‑term absolute net lease with a leading, national tenant (Jewel‑Osco).; Located in a highly desirable Chicago neighborhood.; Incredibly strong store sales.
