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33888943
33888944

17605 South Halsted Street, Homewood, IL 60430

AM
TX 0606255, CA 01391653
Marcus & Millichap - San Diego
DK
CA 01878012
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - San Diego
$3,300,000
4 days on market
Updated 3 days ago

RAISING CANE'S W/ DUAL DR-THRU | 15-YEAR NNN GROUND LEASE

Details
APN 29-33-100-064-0000
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 3,478
Cap Rate 4.7%
NOI $155,000
Tenancy Single
Brand/Tenant Raising Cane's
Lease Type NNN
Lease Expiration 12/31/2041
Remaining Term 15.5
Rent Bumps Yes
Class A
Year Built 2026
Stories 1
Acreage 0.730
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease Yes

Outparcel to Target & Menard Anchored Power Center

Marketing description

PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:

https://themansourgroup.com/properties/310713/raising-canes-w-dual-dr-thru

Investment highlights

  • 15-Year NNN Ground Lease Featuring 7.5% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2026 Construction w/ Dual Drive-Thru.
  • Highly Accessible Drive-Through Configuration - the Site Benefits from Direct S. Halsted Street Frontage with Strong Ingress and Egress, Aligning Perfectly with the High-Volume Drive-Through Traffic.
  • Densely Populated and Affluent Area: Features an Average Household Income of More than $92k within a 3-Mile Radius and over 232k People Residing within a 5-Mile Radius.
  • With More than 900 Locations, Raising Cane's Achieved $5.1 Billion in 2024 Systemwide Sales and a $6.6 Million AUV - the Second-Highest Among All U.S. Quick Service Restaurant Concepts, Trailing Only Chick-fil-A.
  • Immediate Proximity to I-80 and I-294 Interchange - Situated Just South of the I-80/I-294 Interchange, Providing Instant Regional Connectivity and Drawing Daily Customers from a Broad Multi-Suburb Trade Area Across Chicago's Southland.
  • Positioned on Homewood's Dominant Retail Corridor - Located on S. Halsted Street - Homewood's Primary Commercial Corridor Accounting for More than 60% of the Village's Total Commercial Sales - Ensuring Maximum Consumer Traffic Exposure.
  • Immediately Surrounded by Home Depot, Menards, Kohl's, Best Buy, Burlington, Chick-fil-A, Portillo's, Chipotle, Starbucks, Five Below, Petco, Panera Bread, and Dave's Hot Chicken - Among the Highest Concentrations of National Retail in the South Suburbs.
  • Forbes-Recognized "Most Livable" Suburb - Forbes.com has Named Homewood One of the Top Most Livable Metro-Area Suburbs in the Midwest, Reflecting the Village's Demographic Strength, School Quality, and Overall Community Stability. Outparcel to Target & Menard Anchored Power Center - the Property Sits as a Pad Site Adjacent to a High-Volume Target, Benefiting from the Anchor's Consistent Daily Foot Traffic and Shared Co-Tenancy with National Credit Retailers.

Illinois Broker of Record: Steven Weinstock | One Mid America Plaza, Ste. 200 Oakbrook Terrace, IL 60181 | P: (630) 570-2200 | Lic #: 471.011175 | [email protected]

Listing Contacts

AM
TX 0606255, CA 01391653
Marcus & Millichap - San Diego
DK
CA 01878012
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - San Diego

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$155,000.00
$12,916.67/mo

Valuation Metrics

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DSCR
4.7%
Cap Rate
4.7%
ROI

Map

Zoning

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B-4 CommercialRetail CommercialShopping Center
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Last updated Mar 6, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Steven Weinstock
License
471.011175
Brokerage
Marcus & Millichap
Brokerage Phone
(630) 570-2200
Title
Broker of Record
Brokerage Address
One Mid America Plaza, Ste. 200 Oakbrook Terrace, IL 60181
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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