12803 Harlem Ave Palos Heights, IL 60463

This exceptional investment opportunity presents a 57,685 square foot Jewel-Osco grocery store located at 12803 S Harlem Ave, Palos Heights, IL 60463, Cook County. The property sits on a 9.97-acre lot and boasts 290 parking spaces. Built in 2012, this modern facility features a convenient drive-thru pharmacy. The property is offered at $17,126,903, representing a price per square foot of $296.90 and a 5.65% cap rate with a NOI of $967,670. The absolute NNN lease with Jewel Osco (a subsidiary of Albertsons Companies, Fortune 500 #53) features a corporate guarantee and a remaining term of 13 years. Rent increases by 7.5% every five years, providing a strong hedge against inflation. The lease includes eight 5-year options. Assumable financing is available at a fixed 4.38% interest rate, coterminous with the lease term. The property benefits from strong demographics, with over 250,000 people within a 5-mile radius and an average household income exceeding $117,000 within a 2-mile radius. Monthly visits of 76,505 people place this location in the upper 77th percentile of Jewel-Osco's nationwide performance. The grocery store's recession-resistant nature provides stability and mitigates risk.