5526 Touhy Ave - Retail FOR SALE


Skokie, IL 60077
$4,410,000 USD
847-651-3697
5526 Touhy Ave, Skokie, IL for Sale
$4,410,000 USD
Retail - FOR SALE
1/9
null | 6.25% Cap Rate

5526 Touhy Ave
Skokie, IL 60077


HIGHLIGHTS

  • OUTSTANDING WALT - 8.15-year weighted average
  • STRUCTURED NNN LEASES WITH ANNUAL FIXED RENT BUMPS - Both leases are triple net, with all CAM, real estate taxes, and insurance reimbursed by tenants.
  • EXCEPTIONAL REGIONAL RETAIL WALMART CORRIDOR - Located in the center of a 2.5 million square foot, 94% occupied retail corridor.
  • PROVEN RETAIL DESTINATION - The site sits adjacent to Noodles & Company, Chuck E. Cheese, and Corner Bakery Café all rank number one for foot traffic
  • STRONG DEPOSITS - The Bank of Hope branch reports $209.6 million in deposits per the FDIC Summary of Deposits.
  • UNMATCHED ACCESS & VISIBILITY: 36,900 VPD DENSE, AFFLUENT CUSTOMER BASE: 677K w/in 5-mile radius

OVERVIEW

CBRE is pleased to offer, as the exclusive advisor, the opportunity to acquire 100% fee interest in a 6,150 square-foot, two-tenant property located in the affluent northern suburb of Skokie, Illinois, approximately 16 miles from Chicago's Central Business District. The site is ideally situated at the convergence of two of the highest-traffic retail centers in the Chicago MSA: Village Crossing (722,000 SF, ranked in the top 2% of community shopping centers nationally) directly to the south, and Pointe Plaza (325,700 SF, ranked in the top 8% nationally) just to the west. Touhy Avenue, carrying 36,900 vehicles per day, serves as the primary east-west corridor linking Chicago's northwest side with some of the most affluent suburbs in the metro area. The property is 100% occupied, highlighted by the recent opening of Dave's Hot Chicken on a new 10-year lease and Bank of Hope's 7-year lease renewal.

FOR SALE DETAILS

PRICE

$4,410,000 USD

PRICE/SF

$717 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2-Tenant Touhy Avenue Retail

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

4.28 AC

LAND SF

186,437 SF

ZONING

Commercial

APN/PARCEL ID

10-28-312-035-0000

ASK ABOUT THIS PROPERTY

Adam ForetCBREMore Info
847-651-3697

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Adam ForetCBREMore Info
847-651-3697

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