17900 Halsted St - Retail FOR SALE


Homewood, IL 60430
$3,720,000 USD
17900 Halsted St, Homewood, IL for Sale
$3,720,000 USD
Retail - FOR SALE
1/7
null | 7% Cap Rate

17900 Halsted St
Homewood, IL 60430


HIGHLIGHTS

  • T.J. Maxx has been operating at this location since 2005, recently exercised its third 5-year renewal option, carrying the term through January 2031.
  • Below-market rent.
  • Strong YOY sales growth.
  • Exceptional visibility and exposure to 47,000 vehicles per day, just one mile south of the I-294 and Halsted Street interchange.
  • The Property anchors Washington Park Plaza, a premier 230,287-square-foot open-air shopping center with 2.9M annual visitors.
  • Nearby developments including first AAA four diamond casino in IL.

OVERVIEW

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

FOR SALE DETAILS

PRICE

$3,720,000 USD

PRICE/SF

$116 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

T.J. Maxx

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

88

LAND DETAILS

LAND ACRES

9.05 AC

LAND SF

394,218 SF

ZONING

B-4 PUD

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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