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31557958
31557959

17900 Halsted St, Homewood, IL 60430 For Sale

KB
IL 475190002
CBRE - Oak Brook
MK
IL 475154630
CBRE - Oak Brook
Listed by CBRE - Oak Brook
$3,720,000
101 days on market
Updated 8 days ago

T.J. Maxx

Details
Property Type Retail
Sub Type Storefront
Square Footage 31,974
Net Rentable (SqFt) 31,974
Units 1
Cap Rate 7%
NOI $260,488
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 25.9
Lease Expiration 01/31/2031
Remaining Term 4.5
Lease Options 4
Price per SqFt $116
Year Built 2005
Buildings 1
Stories 1
Zoning B-4 PUD
Tenant Credit Credit Rated
Lease Commencement 03/11/2005
Ownership Fee Simple

Recent Extension | Below-Market Rent | Strong YOY Sales | Shadow Anchored by ROSS, Five Below, Best

Marketing description

CBRE’s Net Lease Property Group – Midwest is pleased to offer the opportunity to acquire the fee simple interest in T.J. Maxx at Washington Park Plaza in Homewood, IL. The tenant recently exercised its third 5-year renewal option at the contractual rent, extending the lease term through January 2031.

Strategically located within Washington Park Plaza – Homewood’s premier retail destination, which attracts approximately 2.9 million annual visitors - T.J. Maxx benefits from strong foot traffic driven by neighboring national retailers such as Best Buy, Ross, Five Below, Petco, and Old Navy.

T.J. Maxx operates as a wholly owned subsidiary of The TJX Companies, Inc., the leading global off-price retailer, with more than 5,000 stores in nine countries and approximately 1,340 locations across the U.S. alone. The brand is a cornerstone of TJX’s diversified portfolio, which also includes Marshalls, HomeGoods, Sierra, Winners, and TK Maxx. TJX’s business model-offering brand-name apparel, home fashions, and accessories at prices typically 20%-60% below full-price retail- generates high customer loyalty through a “treasure-hunt” shopping experience. TJX Companies reported fiscal 2025 net revenues of approximately $56.4 billion, a 4% year-over-year increase. TJX Companies, Inc. is a Fortune 100 off-price retail leader

Investment highlights

  • Long Term Operating History with Recent Extension
  • Below-Market Rent
  • Strong YOY Sales Growth
  • 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
$260,488.00
$21,707.33/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
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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