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5526 Touhy Ave
Skokie, IL 60077
2-Tenant Touhy Avenue Retail · Retail Property For Sale
Investment Highlights
- OUTSTANDING WALT - 8.15-year weighted average
- EXCEPTIONAL REGIONAL RETAIL WALMART CORRIDOR - Located in the center of a 2.5 million square foot, 94% occupied retail corridor.
- STRONG DEPOSITS - The Bank of Hope branch reports $209.6 million in deposits per the FDIC Summary of Deposits.
- STRUCTURED NNN LEASES WITH ANNUAL FIXED RENT BUMPS - Both leases are triple net, with all CAM, real estate taxes, and insurance reimbursed by tenants.
- PROVEN RETAIL DESTINATION - The site sits adjacent to Noodles & Company, Chuck E. Cheese, and Corner Bakery Café all rank number one for foot traffic
- UNMATCHED ACCESS & VISIBILITY: 36,900 VPD DENSE, AFFLUENT CUSTOMER BASE: 677K w/in 5-mile radius
Executive Summary
CBRE is pleased to offer, as the exclusive advisor, the opportunity to acquire 100% fee interest in a 6,150 square-foot, two-tenant property located in the affluent northern suburb of Skokie, Illinois, approximately 16 miles from Chicago's Central Business District.
The site is ideally situated at the convergence of two of the highest-traffic retail centers in the Chicago MSA: Village Crossing (722,000 SF, ranked in the top 2% of community shopping centers nationally) directly to the south, and Pointe Plaza (325,700 SF, ranked in the top 8% nationally) just to the west. Touhy Avenue, carrying 36,900 vehicles per day, serves as the primary east-west corridor linking Chicago's northwest side with some of the most affluent suburbs in the metro area.
The property is 100% occupied, highlighted by the recent opening of Dave's Hot Chicken on a new 10-year lease and Bank of Hope's 7-year lease renewal.
The site is ideally situated at the convergence of two of the highest-traffic retail centers in the Chicago MSA: Village Crossing (722,000 SF, ranked in the top 2% of community shopping centers nationally) directly to the south, and Pointe Plaza (325,700 SF, ranked in the top 8% nationally) just to the west. Touhy Avenue, carrying 36,900 vehicles per day, serves as the primary east-west corridor linking Chicago's northwest side with some of the most affluent suburbs in the metro area.
The property is 100% occupied, highlighted by the recent opening of Dave's Hot Chicken on a new 10-year lease and Bank of Hope's 7-year lease renewal.
Property Facts
Sale Type
Investment
Property Type
Building Size
6,150 SF
Building Class
B
Year Built
2017
Price
$4,410,000
Price Per SF
$717.07
Cap Rate
6.25%
NOI
$275,621
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.03
Lot Size
4.28 AC
Zoning
Commercial
Parking
28 Spaces (4.55 Spaces per 1,000 SF Leased)
Amenities
- Drive Thru
Property Taxes
| Parcel Number | 10-28-312-035-0000 | Improvements Assessment | $167,776 |
| Land Assessment | $175,894 | Total Assessment | $343,670 |
Property Taxes
Parcel Number
10-28-312-035-0000
Land Assessment
$175,894
Improvements Assessment
$167,776
Total Assessment
$343,670
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