507 Woodlawn Ave La Grange Park, IL 60526

This exceptional investment opportunity presents a fee-simple ownership of a 46,637-square-foot grocery store in La Grange Park, Illinois. The property, located at 507 East Woodlawn Avenue, boasts a strong 60-year history as a Jewel Food Stores, Inc. location, with a current lease extending to May 31, 2044 – a rare 20-year extension. The single-tenant, net-lease property features a 5.50% cap rate and a substantial net operating income (NOI) of $513,007. Built in 1964 and renovated in 2007, the building sits on a 3.82-acre lot with ample parking (171 spaces). The lease includes a 10% rent increase every five years, providing excellent inflation protection. The property benefits from its location in a high-density area with affluent demographics; average household income within a one-mile radius exceeds $142,000, and the population within a five-mile radius surpasses 327,000. Its proximity to downtown La Grange, the La Grange Street Metra Station, and numerous large multi-family complexes further enhances its desirability. The tenant, Jewel-Osco, a wholly-owned subsidiary of Albertsons, Inc., is committed to ongoing improvements, including parking lot and landscaping upgrades. This freestanding location offers significant advantages over typical in-line Jewel-Osco stores, which generally have only 10-year lease extensions. The asking price is $9,328,000, representing a price per square foot of $200.01. The lease includes six, five-year options.