17800 Halsted St - Storefront FOR SALE


Homewood, IL 60430
$5,215,000 USD
17800 Halsted St, Homewood, IL for Sale
$5,215,000 USD
Storefront - FOR SALE
1/6
null | 7.25% Cap Rate

17800 Halsted St
Homewood, IL 60430


HIGHLIGHTS

  • Best Buy has been at this location since 2006 and extended their lease through March 2032
  • Best Buy is rated “BBB+/Stable” according to Standard & Poor’s and is ranked #109 on the 2026 Fortune 500 List
  • The Property is an anchor at Washington Park Plaza, a premier 230,287-square-foot open-air shopping center.
  • The center attracts over 2.8 million annual visits, driven by its strategic location and strong tenant mix
  • Nearby local developments including the first AAA our Diamond Casino in IL
  • ±350 feet of frontage and exposure to over 47,000 VPD

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,215,000 USD

PRICE/SF

$174 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Best Buy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

144

LAND DETAILS

LAND ACRES

9.05 AC

LAND SF

394,218 SF

ZONING

B-4

APN/PARCEL ID

29-32-200-095-0000

ASK ABOUT THIS PROPERTY

Michael KaiderCBRE, Inc.More Info

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Michael KaiderCBRE, Inc.More Info

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