May 23, 2024 – Jason Woods of Horvath & Tremblay has successfully completed the sale of a Jewel-Osco in Oswego, Illinois. Horvath & Tremblay exclusively represented the Buyer to complete the transaction at a sale price of $12,250,000.
The property is located at 3795 Orchard Road in Oswego, Illinois. Jewel-Osco has occupied this location since it was constructed in 2008. Jewel Osco recently extended their lease demonstrating their commitment to the site and the market. Jewel-Osco has 13+ years of term remaining with eight (8), five-year renewal options. The Absolute NNN Lease calls for attractive 7.5% rent increases every five-years throughout the primary lease term and at the start of each renewal option, providing an attractive hedge against inflation. Jewel-Osco is located adjacent to the signalized intersection of Orchard Road and E Veterans Parkway (US Route 34), the area’s primary commercial and commuter corridor. The Property enjoys outstanding frontage and visibility with several points of access and is surrounded by numerous national retailers and restaurants that drive traffic to the area. Jewel-Osco is the primary grocer serving Oswego and the surrounding communities and benefits from the densely developed residential neighborhoods that surround the Property and provide a built-in customer base.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.