Petco
Recent Extension | Shadow Anchored by T.J. Maxx, Old Navy, ROSS & Best Buy
Marketing description
CBRE's Net Lease Property Group – Midwest is pleased to present the opportunity to acquire the fee simple interest in a freestanding Petco located as an anchor within Washington Park Plaza in Homewood, Illinois. The property is leased to Petco Animal Supplies Stores, Inc., operating as Petco, under a long-term NN lease.
In May 2026, Petco demonstrated its continued commitment to this location by exercising its second lease extension early at contractual rent with no concessions, securing its tenancy through May 2033.
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, and Best Buy. The center attracts approximately 2.8 million annual visitors, creating a highly synergistic environment that supports Petco's continued performance as a dominant regional animal health and wellness goods supplier.
Petco Health and Wellness Company, Inc., a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners. The company provides veterinary care, grooming, training, tele-health, and Vital Care and pet health insurance services, as well as veterinary services through Petco mobile clinics. It also offers pet consumables, supplies, and services through its petco.com, petcoach.co, petinsurancequotes.com, and pupbox.com websites. The company currently operates more than 1,500 Petco locations in the United States, Mexico, and Puerto Rico that included a network of more than 100 in-store veterinary hospitals. Petco Health and Wellness Company, Inc. was founded in 1965 and is headquartered in San Diego, California. Petco revenue in the U.S. for FYE January 2025 was $6.1B.
Investment highlights
- Recent Extension with Long-Term Operating History
- Minimal Landlord Responsibilities
- Established National Tenant
- Washington Park Plaza Ancho
- Excellent Visibility and Access
- Nearby Development – Hotel & Casino
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