Best Buy 17800 Halsted St 30,000 SF Retail Building Homewood, IL 60430 $7,222,723 CAD ($240.76 CAD/SF) 7.25% Cap Rate

CBRE’s Net Lease Property Group – Midwest is pleased to present the opportunity to acquire the fee simple interest in a freestanding Best Buy located as an anchor within Washington Park Plaza in Homewood, Illinois. The property is leased to Best Buy Stores, L.P., operating as Best Buy, under a long-term NN lease. In March 2026, Best Buy demonstrated its continued commitment to this location by exercising its lease extension option at contractual rent with no concessions, securing its tenancy through 2032. Strategically positioned within Washington Park Plaza, Homewood’s premier retail destination, the property benefits from strong and consistent foot traffic generated by leading national retailers including T.J. Maxx, Ross Dress for Less, Old Navy, Five Below, Party City, and Petco.
The center attracts approximately 2.8 million annual visitors, creating a highly synergistic environment that supports Best Buy’s continued performance as a dominant regional electronics and appliance retailer. Founded in 1966 and headquartered in Richfield, MN, Best Buy Co., Inc. (NYSE: BBY) is a retailer of consumer electronics, home office products, entertainment software, appliances, and related services in more than 1,000 stores and about 85,000 employees in the United States and Canada. Best Buy is ranked #109 on the 2026 Fortune 500 List. For FYE January 2025, Best Buy had over $41.53 billion in total revenue.