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T.J. Maxx 17900 Halsted St 31,974 SF Retail Building Homewood, IL 60430 $5,142,342 CAD ($160.83 CAD/SF) 7% Cap Rate



Investment Highlights
- T.J. Maxx has been operating at this location since 2005, recently exercised its third 5-year renewal option, carrying the term through January 2031.
- Strong YOY sales growth.
- The Property anchors Washington Park Plaza, a premier 230,287-square-foot open-air shopping center with 2.9M annual visitors.
- Below-market rent.
- Exceptional visibility and exposure to 47,000 vehicles per day, just one mile south of the I-294 and Halsted Street interchange.
- Nearby developments including first AAA four diamond casino in IL.
Executive Summary
CBRE’s Net Lease Property Group – Midwest is pleased to offer the opportunity to acquire the fee simple interest in T.J. Maxx at Washington Park Plaza in Homewood, IL. The tenant recently exercised its third 5-year renewal option at the contractual rent, extending the lease term through January 2031.
Strategically located within Washington Park Plaza – Homewood’s premier retail destination, which attracts approximately 2.9 million annual visitors - T.J. Maxx benefits from strong foot traffic driven by neighboring national retailers such as Best Buy, Ross, Five Below, Petco, and Old Navy.
T.J. Maxx operates as a wholly owned subsidiary of The TJX Companies, Inc., the leading global off-price retailer, with more than 5,000 stores in nine countries and approximately 1,340 locations across the U.S. alone. The brand is a cornerstone of TJX’s diversified portfolio, which also includes Marshalls, HomeGoods, Sierra, Winners, and TK Maxx. TJX’s business model-offering brand-name apparel, home fashions, and accessories at prices typically 20%-60% below full-price retail- generates high customer loyalty through a “treasure-hunt” shopping experience. TJX Companies reported fiscal 2025 net revenues of approximately $56.4 billion, a 4% year-over-year increase. TJX Companies, Inc. is a Fortune 100 off-price retail leader
Strategically located within Washington Park Plaza – Homewood’s premier retail destination, which attracts approximately 2.9 million annual visitors - T.J. Maxx benefits from strong foot traffic driven by neighboring national retailers such as Best Buy, Ross, Five Below, Petco, and Old Navy.
T.J. Maxx operates as a wholly owned subsidiary of The TJX Companies, Inc., the leading global off-price retailer, with more than 5,000 stores in nine countries and approximately 1,340 locations across the U.S. alone. The brand is a cornerstone of TJX’s diversified portfolio, which also includes Marshalls, HomeGoods, Sierra, Winners, and TK Maxx. TJX’s business model-offering brand-name apparel, home fashions, and accessories at prices typically 20%-60% below full-price retail- generates high customer loyalty through a “treasure-hunt” shopping experience. TJX Companies reported fiscal 2025 net revenues of approximately $56.4 billion, a 4% year-over-year increase. TJX Companies, Inc. is a Fortune 100 off-price retail leader
Property Facts
Sale Type
Investment
Property Type
Building Size
31,974 SF
Building Class
B
Year Built
2005
Price
$5,142,342 CAD
Price Per SF
$160.83 CAD
Cap Rate
7%
NOI
$359,964 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
9.05 AC
Zoning
B-4 PUD - B-4 PUD: Shopping Center District - Planned Unit Development
Parking
88 Spaces (2.75 Spaces per 1,000 SF Leased)
Frontage
830’ on Kedzie Avenue
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- T.J. Maxx
- Retailer
- 31,974 SF
- -
- Jan 2031
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| T.J. Maxx | Retailer | 31,974 SF | - | Jan 2031 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 29-32-200-095-0000 | Improvements Assessment | $4,213,867 CAD |
| Land Assessment | $887,057 CAD | Total Assessment | $5,100,924 CAD |
Property Taxes
Parcel Number
29-32-200-095-0000
Land Assessment
$887,057 CAD
Improvements Assessment
$4,213,867 CAD
Total Assessment
$5,100,924 CAD
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T.J. Maxx | 17900 Halsted St
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