Property profile

225 Touhy Ave Park Ridge, IL 60068

OFF-MARKET
Grocery and convenience stores
Property ID
US28-3908724
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a freestanding, 38,274 square foot Whole Foods Market located at 225 W Touhy Ave, Park Ridge, IL 60068. The property sits on a 4.53-acre lot with ample surface parking (264 spaces), a rarity in this dense, affluent area. Boasting a 100% occupancy rate and a strong net lease structure with a corporate guarantee from Whole Foods Market, Inc., this asset offers a remaining lease term of 8.8 years (expiring 11/30/2033). The property benefits from a prime location in Park Ridge, a thriving first-ring suburb of Chicago, with exceptional demographics. Within a three-mile radius, there are 163,560 residents, exhibiting an average household income of $141,637. The strategic location is adjacent to luxury apartments and other retailers, including Trader Joe's and Jewel Osco, ensuring high foot traffic. The property's proximity to downtown Park Ridge, O'Hare International Airport, and major roadways (generating 38,350 vehicles per day) further enhances its appeal. The asking price is $20,230,000, representing a 5.00% cap rate and a net operating income (NOI) of $1,011,697. Built in 2013, this single-building property offers a secure and lucrative investment opportunity in a highly desirable location. The property's strong tenant, affluent surrounding demographics, and strategic location make it an exceptional addition to any investment portfolio.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
APN 09-36-100-049
UPID US28-3908724

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Postal Service Courier Service
  • Electric Vehicle Charging Station
  • Grocery & Convenience Store Food Market
  • Restaurant
  • Restaurant

Location

225 Touhy Ave Park Ridge, IL 60068-4202
Park Ridge metro Census 805502 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$19.64M

Owner & transaction history

since 2023
Last sale
$19.6M
1 recorded transaction
2023
$16.8M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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