7122 40Th StStickney, IL 60402

Property Details for 7122 40Th St

Year built

1955

Lot size

0.14 AC

Property size (Sq ft)

942 SF

Property type

Other 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.

Location Insight

City

Stickney

County

Cook

State

Illinois

Latitude

41.8197

Longitude

-87.8012

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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