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RAISING CANE'S w/ DUAL DR-THRU | NNN GROUND 17601 Halsted St 3,478 SF Retail Building Homewood, IL 60430 $3,300,000 ($948.82/SF) 4.70% Cap Rate
Investment Highlights
- 15-Year NNN Ground Lease Featuring 7.5% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2026 Construction.
- With More than 900 Locations, Raising Cane's Achieved Approximately $5.48 Billion in 2025 Systemwide Sales - a 10.6% Increase Year-Over-Year.
- Positioned on Homewood's Dominant Retail Corridor - Located on S. Halsted Street - Homewood's Primary Commercial Corridor.
- Highly Accessible Drive-Through Configuration - the Site Benefits from Direct S. Halsted Street Frontage with Strong Ingress and Egress.
- Immediate Proximity to I-80 and I-294 Interchange - Situated Just South of the I-80/I-294 Interchange, Providing Instant Regional Connectivity.
- Densely Populated and Affluent Area: Features an Average Household Income of More than $92k within a 3-Mile Radius and over 232k People Residing.
Executive Summary
Raising Cane’s w/ Dual Dr-Thru | 15-Year NNN Ground Lease | Outparcel to Target & Menard Anchored Power Center | Immediate Proximity to I-80 and I-294 Interchange | Positioned on Homewood's Dominant Retail Corridor | Densely Populated and Affluent Area | Near Wind Creek Casino Chicago Southland - $529M Regional Entertainment Destination | Forbes: Homewood One of the Top Most Livable Metro-Area Suburbs in the Midwest
Illinois Broker of Record: Steven Weinstock | One Mid America Plaza, Ste. 200 Oakbrook Terrace, IL 60181 | P: (630) 570-2200 | Lic #: 471.011175 | Steven.Weinstock@MarcusMillichap.com
Illinois Broker of Record: Steven Weinstock | One Mid America Plaza, Ste. 200 Oakbrook Terrace, IL 60181 | P: (630) 570-2200 | Lic #: 471.011175 | Steven.Weinstock@MarcusMillichap.com
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,478 SF
Building Class
C
Year Built
2026
Price
$3,300,000
Price Per SF
$948.82
Cap Rate
4.70%
NOI
$155,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.73 AC
Zoning
B-4
Parking
43 Spaces (12.36 Spaces per 1,000 SF Leased)
Frontage
136’ on Halsted St
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Raising Cane's
- Retailer
- 3,478 SF
- -
- Triple Net
- Dec 2041
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Raising Cane's | Retailer | 3,478 SF | - | Triple Net | Dec 2041 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 29-33-100-045-0000 | Improvements Assessment | $79,500 |
| Land Assessment | $24,806 | Total Assessment | $104,306 |
Property Taxes
Parcel Number
29-33-100-045-0000
Land Assessment
$24,806
Improvements Assessment
$79,500
Total Assessment
$104,306
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