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    7122 40 St Stickney, IL 60402

    Sponsored
    For Sale
    $11,600,352

    Chicago-area grocery store, strong NOI

    Property size:
    59,009 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fee-simple ownership of a 59,009 square foot Jewel-Osco grocery store located at 7122 40th St, Stickney, IL 60402. The property sits on a 5.18-acre lot and boasts a strong 100% occupancy rate under a 20-year absolute NNN lease with Albertsons Companies, a credit-rated tenant with a corporate guarantee. The lease commenced on October 30, 2017, and has a remaining term of 13 years, expiring October 30, 2037. Rent increases are built in, with a 7.5% bump every five years. The property features 8 x 5 lease options. Built in 1996 and renovated in 2012, this location offers a compelling investment profile with a Net Operating Income (NOI) of $638,019 and a 5.50% cap rate. The asking price is $11,600,352, translating to a price per square foot of $196.59. This Jewel-Osco store is situated in a highly desirable Chicago suburb, within a densely populated area. The property benefits from incredibly strong store sales and an extremely low rent-to-sales ratio. This is a passive investment opportunity with zero landlord obligations, providing a secure and stable income stream for years to come. The property is located in Cook County, Illinois, within the Chicago Metropolitan Statistical Area.

    Property Features for 7122 40 St

    General Information

    Property type
    Individual retail properties
    Square Feet
    59,009 SF
    Lot Size
    225,641 SF

    Building Details

    Year Built/Renovated
    1996/2012

    HighLights

    • Top‑performing Jewel‑Osco: Nationally ranked 9th most visited store (Placer.ai).
    • 13‑year remaining lease term: Absolute NNN lease with zero landlord responsibilities.
    • Investment‑grade tenant: Jewel‑Osco, an Albertsons Companies subsidiary (S&P rating BB+), operating over 2,200 stores.
    • Prime Chicago suburb location: Densely populated area with over 543,000 residents within a 5‑mile radius.
    • Exceptional rent‑to‑sales ratio: Strong store sales; contact agent for details.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Stickney
    County
    Cook
    State
    Illinois
    Longitude
    -87.80139767
    Latitude
    41.81984168

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    FAQs

    What type of property is this?
    Individual retail property - Chicago-area grocery store, strong NOI
    Where is this individual retail property located?
    The property is located at 7122 40 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: Top-performing Jewel-Osco: Nationally ranked 9th most visited store (Placer.ai).; 13-year remaining lease term: Absolute NNN lease with zero landlord responsibilities.; Investment-grade tenant: Jewel-Osco, an Albertsons Companies subsidiary (S&P rating BB+), operating over 2,200 stores.
    Request Owner's contact information
    7122 40 St Stickney, IL 60402
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    Stickney, IL 60402
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7122 40 St Stickney, IL 60402
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