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5526 Touhy Ave
Skokie, IL 60077

$4,410,000 USD

General Retail For Sale  •  6,150 SF

Property Details

  • Property Type General Retail
  • Total Building Size 6,150 SF
  • Lot Size 4.28 AC
  • Building Class B
  • Year Built 2017
  • Cap Rate 6.25 %
  • Tenancy Multiple
  • Zoning Commercial
50 Transit Score
70 Walk Score

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

Property Flyers

Cap Rate: 6.25 %

Major Tenants

Tenant SF Occupied Lease End Date
Bank of Hope 3,580 SF 7/31/2033
Dave's Hot Chicken 257 SF 4/30/2036

Amenities

  • Drive Thru

Public Transportation

Commuter RailDriveWalkDistance
Edgebrook Station (Milwaukee District North Line - Northeast Illinois Regional Commuter Railroad (Metra)) 3 min - 1.4 mi
Morton Grove Station (Milwaukee District North Line - Northeast Illinois Regional Commuter Railroad (Metra)) 5 min - 2.1 mi
AirportDriveWalkDistance
Chicago O'Hare International 17 min - 9.3 mi
Chicago Midway International 31 min - 18.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 28
Type: Surface
Included in Rent: Yes
Adam Foret 847-651-3697 CBRE
Adam Foret 847-651-3697 CBRE