17928 Halsted St - Restaurant FOR SALE


Homewood, IL 60430
$2,375,000 USD
17928 Halsted St, Homewood, IL for Sale
$2,375,000 USD
Restaurant - FOR SALE
1/8
null | 6.59% Cap Rate

17928 Halsted St
Homewood, IL 60430


HIGHLIGHTS

  • CORPORATE LEASE: Brinker International, Inc. (NYSE: EAT)
  • LONG-TERM OPERATING HISTORY WITH RECENT EXTENSION: Chili’s just early-executed a 5-year renewal option, extending the term through 11/2031
  • WASHINGTON PARK PLAZA OUTPARCEL: Premier 230,287-square-foot open-air shopping center attacting over 2.7 million annual visits
  • EXCELLENT ACCESS & VISIBILITY: 280 feet of frontage and exposure to 35,000 vehicles per day (VPD)
  • EXPANSIVE TRADE AREA WITHIN AN AFFLUENT SUBURBAN SUBMARKET: Primary trade area extends approximately 6 miles in all directions
  • NEARBY DEVELOPMENT - HOTEL & CASINO: Wind Creek Chicago Southland, the first AAA Four Diamond casino destination in Illinois

OVERVIEW

CBRE’s Net Lease Property Group – Midwest is pleased to present the opportunity to acquire fee simple interest in a freestanding Chili’s at Washington Park Plaza located in Homewood, IL. The asset is backed by a corporate lease with Brinker Restaurant Corporation (NYSE: EAT), one of the world’s leading casual dining restaurant companies. Chili’s just early-executed a 5-year renewal option, extending the term through November 2031. Strategically located within Washington Park Plaza—Homewood’s premier retail destination, which attracts approximately 2.7 million annual visitors—Chili's benefits from strong foot traffic driven by neighboring national retailers such as Best Buy, TJ Maxx, Ross, and Old Navy. The property's prime location, coupled with a long-term operating history, and a high-quality tenant, presents a compelling and low-risk investment opportunity. Founded in 1975 and headquartered in Dallas, Texas, Chili's Grill & Bar is a leading American casual dining restaurant chain known for its bold flavors and signature menu items such as burgers, fajitas, ribs, and margaritas. As of 2025, Chili's operates over 1,600 locations across 31 countries, with approximately 60,000 employees supporting its global footprint. Chili’s is a wholly owned subsidiary of Brinker International (NYSE: EAT), one of the world’s leading casual dining restaurant companies and home of Chili’s® Grill & Bar and Maggiano’s Little Italy. Brinker owns, operates, or franchises more than 1,600 restaurants in 29 countries and two U.S. territories. The company reported $4.42 billion in revenue for fiscal year 2024, representing a 6.82% growth compared to the previous year.

FOR SALE DETAILS

PRICE

$2,375,000 USD

PRICE/SF

$404 USD /SF

CAP RATE

6.59%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chili's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

B-4

APN/PARCEL ID

29-32-401-034-0000

ASK ABOUT THIS PROPERTY

Michael KaiderCBRE, Inc.More Info

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Michael KaiderCBRE, Inc.More Info

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