1860 Arlington Heights Rd Arlington Heights, IL 60005

This exceptional investment opportunity presents a fee-simple interest in a 61,475-square-foot Jewel-Osco grocery store located at 1860 S Arlington Heights Rd, Arlington Heights, IL 60005. The property sits on a 6.17-acre lot and benefits from a highly visible hard corner location with excellent traffic counts exceeding 55,000 vehicles per day. The Absolute NNN lease with Albertsons (NYSE: ACI) corporate guarantee provides significant security, featuring a remaining term of 13 years (expiring 10/31/2037) and built-in rent bumps of 7.50% every five years, with eight 5-year renewal options. The property boasts a 5.60% cap rate and a strong net operating income (NOI) of $583,750. Built in 2014, this single-tenant building enjoys 100% occupancy and is situated in a thriving area of Arlington Heights, an affluent Chicago suburb with average household incomes exceeding $140,000. The property's strategic location near Interstate-90 and Woodfield Mall, the largest shopping center in Illinois, ensures consistent high traffic and strong sales. A planned mixed-use development nearby will further enhance the area's appeal and increase foot traffic. This is a rare opportunity to acquire a high-performing, well-located retail asset with a strong tenant and significant long-term growth potential. The asking price is $10,425,000.