Property summary
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
VerifiedCap rate & NOI
Current use
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Postal Service Courier Service
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Electric Vehicle Charging Station
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Grocery & Convenience Store Food Market
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Restaurant
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Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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