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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31557610
31557611

17800 S Halsted St, Homewood, IL 60430 For Sale

KB
IL 475190002
CBRE - Oak Brook
MK
IL 475154630
CBRE - Oak Brook
Listed by CBRE - Oak Brook
$5,215,000
106 days on market
Updated 30 days ago

Best Buy

Details
Property Type Retail
Sub Type Storefront
Square Footage 30,000
Net Rentable (SqFt) 30,000
Units 1
Cap Rate 7.25%
NOI $378,000
Occupancy 100%
Tenancy Single
Brand/Tenant Best Buy
Lease Type NN
Lease Term 21
Lease Expiration 03/31/2027
Remaining Term 0.7
Lease Options 4
Year Built 2005
Buildings 1
Stories 1
Zoning B4 PUD
Lease Commencement 04/14/2006
Occupancy Date 04/14/2006
Ownership Fee Simple

Recent Extension | Shadow Anchored by T.J. Maxx, Ross & Old Navy

Marketing description

CBRE’s Net Lease Property Group – Midwest is pleased to present the opportunity to acquire the fee simple interest in a freestanding Best Buy located as an anchor within Washington Park Plaza in Homewood, Illinois. The property is leased to Best Buy Stores, L.P., operating as Best Buy, under a long‑term NN lease.

In March 2026, Best Buy demonstrated its continued commitment to this location by exercising its lease extension option at contractual rent with no concessions, securing its tenancy through 2032.

Strategically positioned within Washington Park Plaza, Homewood’s premier retail destination, the property benefits from strong and consistent foot traffic generated by leading national retailers including T.J. Maxx, Ross Dress for Less, Old Navy, Five Below, Party City, and Petco. The center attracts approximately 2.8 million annual visitors, creating a highly synergistic environment that supports Best Buy’s continued performance as a dominant regional electronics and appliance retailer.

Founded in 1966 and headquartered in Richfield, MN, Best Buy Co., Inc. (NYSE: BBY) is a retailer of consumer electronics, home office products, entertainment software, appliances, and related services in more than 1,000 stores and about 85,000 employees in the United States and Canada. Best Buy is ranked #109 on the 2026 Fortune 500 List. For FYE January 2025, Best Buy had over $41.53 billion in total revenue.

Investment highlights

  • Long Term Lease with Recent Extension
  • Minimal Landlord Responsibilities
  • Investment Grade Tenancy
  • Washington Park Plaza Anchor
  • Excellent Visibility and Access
  • Nearby Development – Hotel & Casino

Listing Contacts

KB
IL 475190002
CBRE - Oak Brook
MK
IL 475154630
CBRE - Oak Brook
Listed by CBRE - Oak Brook

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$378,000.00
$31,500.00/mo

Valuation Metrics

0
DSCR
7.25%
Cap Rate
7.25%
ROI

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Additional Information

Name
Keegan Barrett
License
475190002
Brokerage
CBRE
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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