1860 Arlington Heights Rd Arlington Heights, IL 60005

Property Details for 1860 Arlington Heights Rd

Year built

2014

Lot size

6.17 lot acres

Property size

61,475 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

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.

Location Insight

City

Arlington Heights

County

Cook

State

Illinois

Longitude

-87.9837

Latitude

42.0522