7122 40 St Stickney, IL 60402
- Commercial real estate
- 942 SF
- 0.14 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 7122 40 St
- Year built
- 1955
- Lot size
- 0.14 lot acres
- Property size
- 942 SF
- Property type
- Commercial real estate
- APN
- 19-06-125-058
- APU
- 1906125058
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Stickney
- County
- Cook
- State
- Illinois
- Longitude
- -87.8012
- Latitude
- 41.8197
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
