retail property for sale buffalo wild wings & dollar tree ......* demographic data derived from...

Retail Property For Sale Buffalo Wild Wings & Dollar Tree Leased Retail Building

17510 S. HALSTED ST, HOMEWOOD, IL 60430

BRETT MCDERMOTT

Co-Founder/Senior Vice [email protected]

MYLES RAPCHAKPrincipal/Vice [email protected]

AARON MCDERMOTT, CCIMCo-Founder/[email protected] LATITUDECO.COM

For more information, please contact:

BUFFALO WILD WINGS & DOLLAR TREE LEASED RETAIL BUILDING17510 S. Halsted St, Homewood, IL 60430

E X E C U T I V E S U M M A R Y

• 2 •LATITUDECO.COM

BRETT MCDERMOTTCo-Founder/Senior Vice [email protected]


AARON MCDERMOTT, CCIMCo-Founder/[email protected]

PROPERTY HIGHLIGHTS• Fully leased building to Dollar Tree and Buffalo Wild Wings• Very Strong National Tenants surrounding• Population over 230,000 people within the trade area• BWW is operated by their largest franchisee• Very low rent to sales ratio• Outlot to a Walmart Supercenter• New Parking Lot installed June 2019

OFFERING SUMMARY

Sale Price: $4,225,000

Price / SF: $219.88

Cap Rate: 6.74%

NOI: $284,659

Lot Size: 1.98 Acres

Building Size: 19215 SF

Renovated: 2011





PROPERTY DESCRIPTION

The subject property is a two tenant, retail pad building on a outlotof a Walmart Supercenter in Homewood, Illinois. The property isfully leased to one of the largest franchisees of Buffalo Wild Wingsand a corporate Dollar Tree store. Dollar Tree has shown itscommitment to the site by exercising an early renewal option for anadditional 10 years. Buffalo Wild Wings has recently extended anearly option as well through 2029. Both tenants are paying belowmarket rents so this is a win-win for the new owner. Nationalretailers surrounding include Walmart, Menards, Kohl's, Target,Portillo's, Jewel-Osco, Panera Bread, brand new Chick-Fil-A andmany more. Menards recently showed their success in the marketby adding an additional 40,000 SF to their existing store.

The Buffalo Wild Wings is operated by Diversified RestaurantHoldings, Inc. (NASDAQ:SAUC) which is one of the largestfranchisees of the iconic sports bar restaurant. DRH has 64 BWWrestaurants located in key urban and suburban markets in Florida,Illinois, Indiana, Michigan and Missouri. Buffalo Wild Wings is aNNN lease.

Dollar Tree, Inc. is a customer-oriented, value-driven variety storeoperating at a one dollar price point. Dollar Tree is the largest andmost successful single-price-point retailer in North America,operating thousands of stores across 48 contiguous U.S. states andfive Canadian provinces, supported by a solid and scalable logisticsnetwork. Dollar Tree is on a Gross Lease.

LOCATION DESCRIPTION

Homewood is a village in Cook County, Illinois, and a suburb ofChicago. The population was 19,323 at the 2010 census. In 2007,Forbes magazine rated Homewood as one of the three most"livable" suburbs in the Chicago Metropolitan Area.

While Homewood's has its bustling downtown business districtwith one-of-a-kind boutiques, specialty shops, and restaurantsranging from the traditional to urban chic.This property is on anoutlot of a new Walmart located along the Halsted Street Corridor.Some other well-known franchises including Target, TJ Maxx,Chipotle, Kohls, Best Buy, and Home Depot among many others.


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POPULATION 1 MILE 3 MILES 5 MILES

Total Population 5,120 73,382 229,337

Median age 42.7 37.4 35.8

Median age (Male) 41.1 34.8 33.0

Median age (Female) 43.4 38.5 37.5

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 2,183 25,595 78,738

# of persons per HH 2.3 2.9 2.9

Average HH income $59,978 $65,603 $63,982

Average house value $200,654 $167,946 $182,815

* Demographic data derived from 2010 US Census


D E M O G R A P H I C S M A P & R E P O R T

retail property for sale buffalo wild wings & dollar tree ......* demographic data derived from...

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