Jewel Osco - Arlington Heights, IL

Jones Lang Lasalle Americas, Inc. (“JLL”) is pleased to present for sale the single-tenant building located on the traffic light corner of W Golf Rd and S Arlington Heights Rd in Arlington Heights, IL. (the “Property” or “Asset”). The Property is situated on an oversized, 6.17-acre parcel and is occupied by Jewel-Osco (“Jewel” or the “Tenant’), a regional supermarket chain with 188 stores throughout the Chicagoland area. The Tenant operates on an Absolute NNN lease with thirteen (13) years of remaining term, periodic 7.50% rent increases, multiple renewal options and a guaranty from parent company Albertsons (NYSE: ACI). This location attracts more than 1 million shoppers annually and is NOT on the list of divestment locations resulting from the anticipated Kroger/Albertsons merger.

The Asset’s coveted location provides ample exposure to more than 55,000 VPD while also benefiting from its proximity to Interstate-90 less than 1-mile away. The Property’s irreplaceable location is surrounded by a plethora of activity which includes a Walmart-anchored retail center, hotels, apartment complexes, distribution centers, and Woodfield Mall – the largest and most visited shopping center in Illinois. A planned mixed-use development project near the Property is finalizing approval and will add 300-apartment units as well as office and retail space to the area. Arlington Heights is an affluent suburb just 30 minutes northwest of downtown Chicago. Home to 75,000 residents with average household incomes exceeding $140,000, it is one of the most desired communities within the Chicago MSA. Arlington Heights’ precise location 10-minutes from O’Hare International attracts major corporations to the area such as United Airlines, which recently purchased Motorola’s former HQ campus and has relocated more than 1,500 employees to the site.