Shopping Strip
Touhy Plaza | Pep Boys & Advance Auto Anchored
5220 W Touhy Ave, Skokie, IL 60077
Listing Price: $10,358,650
Investment Overview
Marcus & Millichap is pleased to exclusively offer Touhy Plaza, a thriving and fully occupied five-tenant center. Anchored by Pep Boys and Advanced Auto Parts, this plaza boasts an impressive lineup of national tenants. With long-term leases and scheduled rental increases, the attractive lease terms provide stability and growth potential for investors.
Strategically located at a stoplight intersection along Touhy Avenue, Touhy Plaza enjoys high visibility with an average daily traffic count of 39,100 vehicles. Situated just 0.3 miles off the Interstate 94 interchange with approximately 134,600 vehicles passing by each day.
Touhy Plaza benefits from its proximity to numerous major retailers and upcoming developments in the area. Notable tenants in the vicinity include Walmart, Target, Jewel-Osco, Costco, AMC, Buffalo Wild Wings, Dick’s Sporting Goods, PetSmart, Starbucks, Ross, Walgreens, and many more. Additionally, there are several ongoing construction projects within a mile, including a new Amazon Fresh anchored center, the District 1860 mixed-use development, and a Residence Inn.
Located in an affluent and sought-after infill location bordering the North Side of Chicago, Touhy Plaza offers access to a densely populated area. Within a three-mile radius, approximately 186,284 people reside, and within one mile, there are approximately 23,271 individuals employed. The average household income within one mile stands at an impressive $137,850.
Touhy Plaza presents a prime investment opportunity in a thriving retail market. With a strong tenant lineup, attractive lease terms, exceptional visibility, and a strategic location, this fully-occupied center is an ideal addition to any investment portfolio. Contact Marcus & Millichap today to seize this outstanding opportunity at Touhy Plaza.
Touhy Plaza | Pep Boys & Advance Auto Anchored
Investment Highlights
- 100% Occupied, Five-Tenant Center | Pep Boys and Advance Auto Parts Anchored
- Four of the Five Tenants are National | Pep Boys, Advance Auto Parts (Coming Soon), Orangetheory Fitness, and Skechers Warehouse Outlet
- Attractive Lease Terms | Long-Term Leases with Scheduled Increases | 7.72 Year WALT
- Advance Auto Parts and Pep Boys have Over 10 Years of Term Remaining and 10% Rental Increases Every Five Years
- Qahwah House has 10 Years Remaining and 3% Annual Rental Increases Throughout Base Term
Listing Price: $10,358,650
Investment Highlights
- 100% Occupied, Five-Tenant Center | Pep Boys and Advance Auto Parts Anchored
- Four of the Five Tenants are National | Pep Boys, Advance Auto Parts (Coming Soon), Orangetheory Fitness, and Skechers Warehouse Outlet
- Attractive Lease Terms | Long-Term Leases with Scheduled Increases | 7.72 Year WALT
- Advance Auto Parts and Pep Boys have Over 10 Years of Term Remaining and 10% Rental Increases Every Five Years
- Qahwah House has 10 Years Remaining and 3% Annual Rental Increases Throughout Base Term
Investment Overview
Marcus & Millichap is pleased to exclusively offer Touhy Plaza, a thriving and fully occupied five-tenant center. Anchored by Pep Boys and Advanced Auto Parts, this plaza boasts an impressive lineup of national tenants. With long-term leases and scheduled rental increases, the attractive lease terms provide stability and growth potential for investors. Strategically located at a stoplight intersection along Touhy Avenue, Touhy Plaza enjoys high visibility with an average daily traffic count of 39,100 vehicles. Situated just 0.3 miles off the Interstate 94 interchange with approximately 134,600 vehicles passing by each day. Touhy Plaza benefits from its proximity to numerous major retailers and upcoming developments in the area. Notable tenants in the vicinity include Walmart, Target, Jewel-Osco, Costco, AMC, Buffalo Wild Wings, Dick’s Sporting Goods, PetSmart, Starbucks, Ross, Walgreens, and many more. Additionally, there are several ongoing construction projects within a mile, including a new Amazon Fresh anchored center, the District 1860 mixed-use development, and a Residence Inn. Located in an affluent and sought-after infill location bordering the North Side of Chicago, Touhy Plaza offers access to a densely populated area. Within a three-mile radius, approximately 186,284 people reside, and within one mile, there are approximately 23,271 individuals employed. The average household income within one mile stands at an impressive $137,850. Touhy Plaza presents a prime investment opportunity in a thriving retail market. With a strong tenant lineup, attractive lease terms, exceptional visibility, and a strategic location, this fully-occupied center is an ideal addition to any investment portfolio. Contact Marcus & Millichap today to seize this outstanding opportunity at Touhy Plaza.
