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INVESTMENT HIGHLIGHTS
THE ASSET: Jewel-Osco has occupied this location since it was constructed in 2008, and recently extended their lease demonstrating their commitment to the site and the market. Jewel-Osco has 13+ years of term remaining on their Absolute NNN Lease with eight (8), five-year renewal options.
ATTRACTIVE RENT INCREASES: The lease calls for attractive 7.5% increases in rent every five years throughout the primary lease term and at the start of each renewal option period providing the investor with an attractive increase in revenue and a hedge against inflation.
STRATEGIC RETAIL LOCATION: 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.
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