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Shopping Strip

Garrity Square

1833 Deerfield Rd, Highland Park, IL 60035

Listing Price: $7,990,000

Cap Rate
7.15%
Gross SF
20,537
Rentable SF
20,537
Price/Gross SF
$389.05
Lot Size
1.87 acres
Year Built
1988

Investment Overview

This neighborhood retail center is anchored by a freestanding Starbucks that has operated at the location since 2002 and has nearly six years of remaining lease term. The center features a strong, long-tenured mix of medical, service, and restaurant tenants, all operating under net leases. The property offers full ingress and egress off Deerfield Road, which sees 21,700 vehicles per day, and benefits from close proximity to Skokie Highway with 63,600 vehicles per day. The site is surrounded by multiple country clubs, schools, and retail destinations, driving consistent traffic to the area. The property is located within an extremely affluent and densely populated trade area, with an average household income of $214,881 within a one-mile radius and 92,917 employees within a three-mile radius.

Investment Highlights

  • Neighborhood Retail Anchored by a Freestanding Starbucks, Tenant Since 2002 and has 5.8 Years of Term Remaining
  • Long-Operating History | New China Restaurant, Garrity Square Dental and Judy's Pizza have been Operating Since 2006 | Carpet Central & Hardwood Flooring have been Operating Since 2008
  • Full Ingress/Egress off Deerfield Road, which sees 21,700 Vehicles Per Day
  • 0.8 Miles from Skokie Hwy, which sees 63,600 Vehicles Per Day
  • 0.4 Miles from a New Development with 200 Townhomes, Approved by Highland Park City Council November 2025
  • Average Household Income of $214,881 Within a Mile Radius

Exclusively Listed By

Financing By

Shopping Strip

Garrity Square

Listing Price: $7,990,000

Cap Rate
7.15%
Gross SF
20,537
Rentable SF
20,537
Price/Gross SF
$389.05
Lot Size
1.87 acres
Year Built
1988

Investment Highlights

  • Neighborhood Retail Anchored by a Freestanding Starbucks, Tenant Since 2002 and has 5.8 Years of Term Remaining
  • Long-Operating History | New China Restaurant, Garrity Square Dental and Judy's Pizza have been Operating Since 2006 | Carpet Central & Hardwood Flooring have been Operating Since 2008
  • Full Ingress/Egress off Deerfield Road, which sees 21,700 Vehicles Per Day
  • 0.8 Miles from Skokie Hwy, which sees 63,600 Vehicles Per Day
  • 0.4 Miles from a New Development with 200 Townhomes, Approved by Highland Park City Council November 2025
  • Average Household Income of $214,881 Within a Mile Radius

Investment Overview

This neighborhood retail center is anchored by a freestanding Starbucks that has operated at the location since 2002 and has nearly six years of remaining lease term. The center features a strong, long-tenured mix of medical, service, and restaurant tenants, all operating under net leases. The property offers full ingress and egress off Deerfield Road, which sees 21,700 vehicles per day, and benefits from close proximity to Skokie Highway with 63,600 vehicles per day. The site is surrounded by multiple country clubs, schools, and retail destinations, driving consistent traffic to the area. The property is located within an extremely affluent and densely populated trade area, with an average household income of $214,881 within a one-mile radius and 92,917 employees within a three-mile radius.

Exclusively Listed By

Financing By

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