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Chili's 17928 Halsted St 5,876 SF Retail Building Homewood, IL 60430 $2,375,000 ($404.19/SF) 6.59% Cap Rate
INVESTMENT HIGHLIGHTS
- CORPORATE LEASE: Brinker International, Inc. (NYSE: EAT)
- WASHINGTON PARK PLAZA OUTPARCEL: Premier 230,287-square-foot open-air shopping center attacting over 2.7 million annual visits
- EXPANSIVE TRADE AREA WITHIN AN AFFLUENT SUBURBAN SUBMARKET: Primary trade area extends approximately 6 miles in all directions
- LONG-TERM OPERATING HISTORY WITH RECENT EXTENSION: Chili’s just early-executed a 5-year renewal option, extending the term through 11/2031
- EXCELLENT ACCESS & VISIBILITY: 280 feet of frontage and exposure to 35,000 vehicles per day (VPD)
- NEARBY DEVELOPMENT - HOTEL & CASINO: Wind Creek Chicago Southland, the first AAA Four Diamond casino destination in Illinois
EXECUTIVE SUMMARY
Strategically located within Washington Park Plaza—Homewood’s premier retail destination, which attracts approximately 2.7 million annual visitors—Chili's benefits from strong foot traffic driven by neighboring national retailers such as Best Buy, TJ Maxx, Ross, and Old Navy. The property's prime location, coupled with a long-term operating history, and a high-quality tenant, presents a compelling and low-risk investment opportunity.
Founded in 1975 and headquartered in Dallas, Texas, Chili's Grill & Bar is a leading American casual dining restaurant chain known for its bold flavors and signature menu items such as burgers, fajitas, ribs, and margaritas. As of 2025, Chili's operates over 1,600 locations across 31 countries, with approximately 60,000 employees supporting its global footprint. Chili’s is a wholly owned subsidiary of Brinker International (NYSE: EAT), one of the world’s leading casual dining restaurant companies and home of Chili’s® Grill & Bar and Maggiano’s Little Italy. Brinker owns, operates, or franchises more than 1,600 restaurants in 29 countries and two U.S. territories. The company reported $4.42 billion in revenue for fiscal year 2024, representing a 6.82% growth compared to the previous year.
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
- 5,876 SF
- -
- Triple Net
- Nov 2031
Chili’s Grill & Bar is in the business of making everyone feel special. In everything they do, they have to ask themselves if they’re putting the Guest first and making sure they’ll come back for more. Their Cultural Beliefs bring that passion to life and shape who they are as a company and as the people who live and breathe inside of it. They’re more than mere transactions – they’re people connecting with people! If their beliefs are strong, their actions will match. And that’s how they create memorable experiences and real results. As food on their menu comes in all shapes, sizes and flavors, no two Team Members are the same, and that’s the way they like it. It’s quite simple: They believe a diverse, equitable and inclusive workplace is good for Team Members, Guests, and the communities they serve. Their Team Members and Guests are diverse in gender, race, ethnicity, sexual orientation, disability, religion, age, cultural background and life experience.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | 5,876 SF | - | Triple Net | Nov 2031 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 29-32-401-034-0000 | Improvements Assessment | $117,126 |
| Land Assessment | $31,251 | Total Assessment | $148,377 |
PROPERTY TAXES
Presented by
Chili's | 17928 Halsted St
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