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33737348
33737342

17910 Halsted Street, Homewood, IL 60430

KB
IL 475190002
CBRE - Oak Brook
MK
IL 475154630
CBRE - Oak Brook
Listed by CBRE - Oak Brook
$3,623,000
10 days on market
Updated 10 days ago

Ross Dress for Less

Details
Property Type Retail
Sub Type Storefront, Shopping Center
Square Footage 22,000
Cap Rate 7.25%
NOI $262,680
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 15.9
Lease Expiration 01/31/2033
Remaining Term 6.6
Lease Options 3
Class A
Year Built 2005
Zoning B-4 PUD: Shopping Center District - Planned Unit Development
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 03/03/2017
Ground Lease No
Ownership Fee Simple

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

Marketing description

CBRE's Net Lease Property Group – Midwest is pleased to offer the opportunity to acquire the fee simple interest in 22,000 square foot Ross Dress for Less at Washington Park Plaza in Homewood, IL. This asset features an investment grade tenant with the parent company, Ross Stores, Inc., having an A-/Stable S&P credit rating. This lease is a NN, where the landlord responsibility is limited.

Strategically located within Washington Park Plaza – Homewood's premier retail destination, which attracts approximately 2.9 million annual visitors, Ross Dress for Less benefits from strong foot traffic driven by neighboring national retailers such as Best Buy, Ross, Five Below, Petco, and Old Navy.

Ross Stores Inc. is one of the leading off-price retailers in the U.S. Ross Stores operates two discount clothing chains with 1,904 outlets in 40 states, the District of Columbia, and Guam. The company sells mostly closeout merchandise, including men's, women's, and children's clothing, at prices well below those of department and specialty stores. Ross also sells small furnishings, toys and games, luggage, and jewelry. The chain targets 18-54 year old white collar shoppers from primarily middle-income households. Ross Stores (NASDAQ: ROST) had fiscal year ending January 2025 sales of $21.1 billion.

Investment highlights

  • Long-Term Operating History with Recent Lease Extension
  • Investment-Grade Tenancy
  • Minimal Landlord Responsibilities
  • Below-Market Rent
  • 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
$262,680.00
$21,890.00/mo

Valuation Metrics

0
DSCR
7.25%
Cap Rate
7.25%
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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Property History

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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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