Freestanding Petco Retail
17930 S Halsted Street, Homewood, IL 60430
Fee-simple NNN asset leased to Petco under long-term terms through May 2033, within Washington Park Plaza.
Type:Retail
Property size:
15,099 SFPrice / SF:
$213/SF- Added:
- Jun 18, 2026
- Days on Market:
- 9
- Last Refresh:
- Jun 24 at 2:16 am
Property Features for 17930 S Halsted Street
General Information
- Standard status
- Active
- Size
- 15,099 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2005
Listing office CBRE - Oak Brook
Listing date Jun 18, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Oak Brook
HighLights
- Fee‑simple interest in a freestanding Petco anchored within Washington Park Plaza in Homewood, Illinois
- Leased to Petco Animal Supplies Stores, Inc. (Petco) under a long‑term NN lease
- Lease extension exercised early in May 2026; tenancy continues through May 2033 at contractual rent with no concessions
- Petco Health and Wellness Company, Inc. provides veterinary care, grooming, training, and tele‑health services
- Washington Park Plaza draws approximately 2.8 million annual visitors and includes national retailers such as T.J. Maxx, Ross, Old Navy, Five Below, and Best Buy
- Property built in 2005
Overview
This freestanding Petco property offers a fee-simple opportunity with a net lease structure. The building is currently leased to Petco Animal Supplies Stores, Inc., operating as Petco, under a long-term NN lease. In May 2026, the tenant exercised its second lease extension early at contractual rent with no concessions, extending occupancy through May 2033.
The site is positioned as an anchor within Washington Park Plaza in Homewood, Illinois. The center includes national retailers such as T.J. Maxx, Ross Dress for Less, Old Navy, Five Below, and Best Buy. The plaza draws approximately 2.8 million annual visitors, supporting an active day-to-day shopping environment around the Petco location.
For investors or operators seeking a stabilized, single-tenant retail exposure, the property is aligned with Petco’s focus on pet health and wellness goods and services. Petco Health and Wellness Company provides veterinary care, grooming, training, tele-health, and Vital Care and pet health insurance services, along with pet consumables, supplies, and related offerings. With the tenant committed through May 2033 under the NN structure, the asset is a fit for buyers comfortable with long-term net leasing and a nationally recognized operator.
The site is positioned as an anchor within Washington Park Plaza in Homewood, Illinois. The center includes national retailers such as T.J. Maxx, Ross Dress for Less, Old Navy, Five Below, and Best Buy. The plaza draws approximately 2.8 million annual visitors, supporting an active day-to-day shopping environment around the Petco location.
For investors or operators seeking a stabilized, single-tenant retail exposure, the property is aligned with Petco’s focus on pet health and wellness goods and services. Petco Health and Wellness Company provides veterinary care, grooming, training, tele-health, and Vital Care and pet health insurance services, along with pet consumables, supplies, and related offerings. With the tenant committed through May 2033 under the NN structure, the asset is a fit for buyers comfortable with long-term net leasing and a nationally recognized operator.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $326.1k | $21.60 |
| − Vacancy | −$26.7k | −$1.77 |
| EGI | $299.4k | $19.83 |
| − OpEx | −$89.8k | −$5.95 |
| NOI | $209.6k | $13.88 |
15,099 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.99M
$2.62M – $3.49M
NOI $209,577 @ 7.0% cap · market cap 6.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.21M
$4.56M – $6.08M
NOI $364,910 @ 7.0% cap · market cap 11.33%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Petco
(Bike/Boat/Book/etc) Store
Vetco Total Care ...
Veterinary Clinic
fi.d.o
(Bike/Boat/Book/etc) Store
Petco Dog Training
Animal Training
Petco Vaccination Clinic
Veterinary Clinic
Location Insight
- Map
- Local Demand
- City
- Homewood
- County
- Cook
- State
- Illinois
- Longitude
- -87.6384534
- Latitude
- 41.5639595
Nearby Similar for Sale
FAQs
What type of property is this?
Storefront property - Fee-simple NNN asset leased to Petco under long-term terms through May 2033, within Washington Park Plaza.
Where is this storefront property located?
The property is located at 17930 S Halsted Street Homewood, IL.
What is the asking price?
The asking price for this property is $3,221,000.
What are key features of this property?
This property features: Fee‑simple interest in a freestanding Petco anchored within Washington Park Plaza in Homewood, Illinois; Leased to Petco Animal Supplies Stores, Inc. (Petco) under a long‑term NN lease; Lease extension exercised early in May 2026; tenancy continues through May 2033 at contractual rent with no concessions
