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Shoppes at Washington Park Plaza 17852-17860 Halsted St 7,019 SF 100% Leased Retail Building Homewood, IL 60430 $4,392,000 ($625.73/SF) 6.70% Cap Rate
INVESTMENT HIGHLIGHTS
- Excellent Visibility in Expansive Trade Area Within a Strong Suburban Submarket
- Strong Operating History
- Recent Leasing Momentum & Healthy WALT
- Phenomenal Investment Grade Tenant Line Up
- Nearby Development - Hotel & Casino
EXECUTIVE SUMMARY
Qualified investors are extended the opportunity to acquire the Shoppes at Washington Park Plaza (the Property), a 7,019 square foot, three-tenant unanchored strip building located in Homewood, IL. The Property is 100% occupied by Starbucks (drive-thru), AT&T and Five Guys offering a secure and steady cashflow. The building enjoys outstanding visibility with approximately 200 feet of frontage along S Halsted Street in addition to convenient accessibility and parking.
This well-positioned property, situated within Washington Park Plaza, the premier shopping destination in Homewood, boasts excellent visibility and benefits from the consistent customer flow generated by adjacent national retailers including Best Buy, TJ Maxx, Ross, and Old Navy. The high-quality tenant lineup and ample remaining lease term offer a secure and compelling investment opportunity.
This well-positioned property, situated within Washington Park Plaza, the premier shopping destination in Homewood, boasts excellent visibility and benefits from the consistent customer flow generated by adjacent national retailers including Best Buy, TJ Maxx, Ross, and Old Navy. The high-quality tenant lineup and ample remaining lease term offer a secure and compelling investment opportunity.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
7,019 SF
Building Class
B
Year Built
2005
Price
$4,392,000
Price Per SF
$625.73
Cap Rate
6.70%
NOI
$294,268
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
0.77 AC
Zoning
B-4
Parking
35 Spaces (4.99 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 29-32-200-097-0000 | Improvements Assessment | $128,167 |
| Land Assessment | $25,237 | Total Assessment | $153,404 |
PROPERTY TAXES
Parcel Number
29-32-200-097-0000
Land Assessment
$25,237
Improvements Assessment
$128,167
Total Assessment
$153,404
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Shoppes at Washington Park Plaza | 17852-17860 Halsted St
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