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17928 Halsted St
Homewood, IL 60430

$2,375,000 USD

Restaurant For Sale  •  5,876 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 5,876 SF
  • Lot Size 0.96 AC
  • Building Class B
  • Year Built 2006
  • Cap Rate 6.59 %
  • Tenancy Single
  • Zoning B-4
40 Transit Score
65 Walk Score

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
Cap Rate: 6.59 %

Major Tenants

Tenant SF Occupied Lease End Date
Chili's Grill & Bar 5,876 SF 11/30/2031

Public Transportation

Commuter RailDriveWalkDistance
Calumet Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 7 min - 2.8 mi
Hazel Crest Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 7 min - 2.8 mi
AirportDriveWalkDistance
Chicago Midway International 32 min - 20.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 27
Type: Surface
Included in Rent: Yes
Michael Kaider CBRE, Inc.
Michael Kaider CBRE, Inc.