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ABSOLUTE NNN | GROCERY ANCHORED GROUND LEASE

$4,770,000 | 6.75%

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6545 – 6590 N. Alpine Road
Loves Park, Illinois 61111

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Features

  • New 10-Year Ground Lease with Prominent Chicagoland Grocer
    • Valli Fresh Market has Successfully Operated for 32 Years | Six Full-Service Grocery Stores
    • Partnered with United Natural Foods, Incorporated | Access to Same Products as Whole Foods
    • Extremely Healthy Store Metrics with Low Rent-to-Sales Ratio | Contact Agent for Details
    • Absolute Triple-Net Ground Lease Featuring Zero Landlord Responsibilities
    • Five Percent Rental Increases Every Five Years Throughout Base Term and Option Periods

 

  • Fundamentally Sound Real Estate Investment
    • Large 12.61-Acre Site
    • Abundant Parking | Approximately 660 Parking Spaces
    • Ability to Control a 12.61-Acre Site for only $8.68 per Square Foot for the Land
    • Value-Add Opportunity through Developing or Selling Outlot | Contact Agent for Details
    • Landlord Offered Additional Security through Tenant Receiving Rental Income from Sub-Tenants
    • Strong Reversionary Value with Ability to Substantially Increase Base Rent After Lease Expiration
    • Priced Well-Below Replacement Cost at $45.15 per Square Foot for the Buildingago County
    • Low Taxes | Property is Located Outside of Cook County
    • Ideally Situated One Block from Heavily Traveled Intersection with Easy Access
    • Direct Access from North Alpine Road, East Riverside Boulevard and Colby Lane with Three Pylon Signs

Contact

ADRIAN MENDOZA
First Vice President Investments
Tel: (630) 570-2163
Adrian.Mendoza@marcusmillichap.com
* Broker of Record: Steven Weinstock

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