3300 Oakton St - Freestanding FOR SALE


Skokie, IL 60076
$14,750,000 USD
847-562-8500
3300 Oakton St, Skokie, IL for Sale
$14,750,000 USD
Freestanding - FOR SALE
1/5
null | 6.88% Cap Rate

3300 Oakton St
Skokie, IL 60076


HIGHLIGHTS

  • Positioned within the Chicago MSA – Ranked #3 in the United States for population size
  • Floor & Decor (NYSE: FND) is a leading publicly traded specialty retailer of hard-surface flooring, operating 251 stores
  • Successful operating history since 2014
  • Built-to-suit construction for Floor & Décor in 2014
  • Affluent community - $148,000+ average household income within one mile
  • Over 600,000 people live within a five-mile radius

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Floor & Décor property located in Skokie, Illinois, within the Chicago MSA. Floor & Décor has successfully operated at this location since the property was constructed in 2014, demonstrating strong tenant commitment. The lease runs through September 2029 and features 10% rental escalations in each of the three 5-year renewal options. Floor & Décor is a market-leading specialty retailer of hard surface flooring, providing a stable and nationally recognized tenant. The 73,000 square-foot property is prominently positioned at a signalized hard corner along McCormick Boulevard and Oakton Street, which see a combined traffic count of nearly 50,000 vehicles per day. Located in an affluent community with an average household income exceeding $148,000 within one mile, the site also benefits from strong population density, with over 600,000 residents within five miles. Surrounding national retailers include The Home Depot, Sam’s Club, Target, Ross, ALDI, PetSmart, Jewel-Osco, Marshalls, Five Below, and others, driving consistent consumer traffic to the area. The property is also ideally situated 12 miles north of downtown Chicago and 12 miles northeast of O’Hare International Airport, offering regional accessibility. Floor & Decor, founded in 2000 and headquartered in Atlanta, Georgia, is a leading specialty retailer of hard-surface flooring and related accessories in the United States. The company operates 251 warehouse-format stores and five design studios across 36 states, offering an extensive selection of ceramic and porcelain tiles, natural stone, hardwood, laminate, and luxury vinyl flooring at competitive prices. Catering to homeowners, professional contractors, and designers, Floor & Decor emphasizes a customer-centric approach with in-store design centers, free design services, and a robust online platform at FloorandDecor.com.

FOR SALE DETAILS

PRICE

$14,750,000 USD

PRICE/SF

$202 USD /SF

CAP RATE

6.88%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Floor & Decor

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

3.65 AC

LAND SF

158,994 SF

ZONING

B3

APN/PARCEL ID

10-23-406-031-0000

ASK ABOUT THIS PROPERTY

Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.