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Floor & Decor 3300 Oakton St 73,000 SF Retail Building Skokie, IL 60076 $14,750,000 ($202.05/SF) 6.88% Cap Rate
Investment Highlights
- Positioned within the Chicago MSA – Ranked #3 in the United States for population size
- Successful operating history since 2014
- Affluent community - $148,000+ average household income within one mile
- Floor & Decor (NYSE: FND) is a leading publicly traded specialty retailer of hard-surface flooring, operating 251 stores
- Built-to-suit construction for Floor & Décor in 2014
- Over 600,000 people live within a five-mile radius
Executive Summary
The Boulder Group is pleased to exclusively market for sale a single tenant net leased Floor & Décor property located in Skokie, Illinois, within the Chicago MSA. Floor & Décor has successfully operated at this location since the property was constructed in 2014, demonstrating strong tenant commitment. The lease runs through September 2029 and features 10% rental escalations in each of the three 5-year renewal options. Floor & Décor is a market-leading specialty retailer of hard surface flooring, providing a stable and nationally recognized tenant.
The 73,000 square-foot property is prominently positioned at a signalized hard corner along McCormick Boulevard and Oakton Street, which see a combined traffic count of nearly 50,000 vehicles per day. Located in an affluent community with an average household income exceeding $148,000 within one mile, the site also benefits from strong population density, with over 600,000 residents within five miles. Surrounding national retailers include The Home Depot, Sam’s Club, Target, Ross, ALDI, PetSmart, Jewel-Osco, Marshalls, Five Below, and others, driving consistent consumer traffic to the area. The property is also ideally situated 12 miles north of downtown Chicago and 12 miles northeast of O’Hare International Airport, offering regional accessibility.
Floor & Decor, founded in 2000 and headquartered in Atlanta, Georgia, is a leading specialty retailer of hard-surface flooring and related accessories in the United States. The company operates 251 warehouse-format stores and five design studios across 36 states, offering an extensive selection of ceramic and porcelain tiles, natural stone, hardwood, laminate, and luxury vinyl flooring at competitive prices. Catering to homeowners, professional contractors, and designers, Floor & Decor emphasizes a customer-centric approach with in-store design centers, free design services, and a robust online platform at FloorandDecor.com.
The 73,000 square-foot property is prominently positioned at a signalized hard corner along McCormick Boulevard and Oakton Street, which see a combined traffic count of nearly 50,000 vehicles per day. Located in an affluent community with an average household income exceeding $148,000 within one mile, the site also benefits from strong population density, with over 600,000 residents within five miles. Surrounding national retailers include The Home Depot, Sam’s Club, Target, Ross, ALDI, PetSmart, Jewel-Osco, Marshalls, Five Below, and others, driving consistent consumer traffic to the area. The property is also ideally situated 12 miles north of downtown Chicago and 12 miles northeast of O’Hare International Airport, offering regional accessibility.
Floor & Decor, founded in 2000 and headquartered in Atlanta, Georgia, is a leading specialty retailer of hard-surface flooring and related accessories in the United States. The company operates 251 warehouse-format stores and five design studios across 36 states, offering an extensive selection of ceramic and porcelain tiles, natural stone, hardwood, laminate, and luxury vinyl flooring at competitive prices. Catering to homeowners, professional contractors, and designers, Floor & Decor emphasizes a customer-centric approach with in-store design centers, free design services, and a robust online platform at FloorandDecor.com.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
73,000 SF
Building Class
B
Year Built
2014
Price
$14,750,000
Price Per SF
$202.05
Cap Rate
6.88%
NOI
$1,015,190
Tenancy
Single
Building Height
1 Story
Building FAR
0.46
Lot Size
3.65 AC
Zoning
B3
Parking
100 Spaces (1.37 Spaces per 1,000 SF Leased)
Frontage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- Sep 2029
Floor & Decor began in 2000 as a specialty retailer focusing on hard-surface flooring options. The company provides tile, natural stone, hardwood, laminate, and vinyl flooring products. They also offer decorative materials and installation accessories. Serving homeowners, contractors, and commercial clients, Floor & Decor operates numerous large-format warehouse stores nationwide. The business emphasizes extensive inventory and low pricing for its customers. Over the years, they've expanded their market presence through new store openings while maintaining their core flooring specialty.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | Sep 2029 |
Bike Score®
Very Bikeable (73)
Nearby Major Retailers
Property Taxes
| Parcel Number | 10-23-406-031-0000 | Improvements Assessment | $1,410,638 |
| Land Assessment | $565,863 | Total Assessment | $1,976,501 |
Property Taxes
Parcel Number
10-23-406-031-0000
Land Assessment
$565,863
Improvements Assessment
$1,410,638
Total Assessment
$1,976,501
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Floor & Decor | 3300 Oakton St
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