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1748 N Harlem Ave 7,420 SF Retail Building Elmwood Park, IL 60707 $2,817,769 CAD ($379.75 CAD/SF) 6% Cap Rate
Investment Highlights
- 30+ Year Operating History as Pet Supplies Plus w/ 8.5+ Years of Term Remaining
- (2) Base Term Increases: Rent to increase to $136,715 in 10/2027 and to $150,385 in 10/2031
- Corporate Guarantee (PSP Stores, LLC) - 750+ Stores and $2,000,000,000 in Annual Revenue
- High Barriers to Entry Market- Elmwood Park has an Extremely Limited Supply of Retail Assets Available for Sale or Lease
Executive Summary
- 30+ Year Operating History as Pet Supplies Plus w/ 8.5+ Years of Term Remaining
- Corporate Guarantee (PSP Stores, LLC) - 750+ Stores and $2,000,000,000 in Annual Revenue
-(2) Base Term Increases: Rent to increase to $136,715 in 10/2027 and to $150,385 in 10/2031
- High Barriers to Entry Market- Elmwood Park has an Extremely Limited Supply of Retail Assets Available for Sale or Lease
- Corporate Guarantee (PSP Stores, LLC) - 750+ Stores and $2,000,000,000 in Annual Revenue
-(2) Base Term Increases: Rent to increase to $136,715 in 10/2027 and to $150,385 in 10/2031
- High Barriers to Entry Market- Elmwood Park has an Extremely Limited Supply of Retail Assets Available for Sale or Lease
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,420 SF
Building Class
B
Year Built
1994
Price
$2,817,769 CAD
Price Per SF
$379.75 CAD
Cap Rate
6%
NOI
$169,066 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.46
Lot Size
0.37 AC
Parking
45 Spaces (6.06 Spaces per 1,000 SF Leased)
Frontage
165’ on N Harlem Ave
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 7,420 SF
- $22.79 CAD
- Triple Net
- Nov 2034
Pet Supplies Plus is a leading U.S. pet retail chain providing a wide range of pet food, supplies, and services, including grooming and self-service dog washes. Founded in 1988, the company operates on a neighborhood store model, combining convenience with personalized service. With hundreds of franchised and corporate-owned locations, Pet Supplies Plus emphasizes affordability, accessibility, and community engagement, making it a trusted destination for pet owners nationwide.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 7,420 SF | $22.79 CAD | Triple Net | Nov 2034 |
Walk Score®
Very Walkable (82)
Nearby Major Retailers
Property Taxes
| Parcel Number | 12-36-423-059-0000 | Improvements Assessment | $244,431 CAD |
| Land Assessment | $94,627 CAD | Total Assessment | $339,059 CAD |
Property Taxes
Parcel Number
12-36-423-059-0000
Land Assessment
$94,627 CAD
Improvements Assessment
$244,431 CAD
Total Assessment
$339,059 CAD
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1748 N Harlem Ave
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