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Department Store

Home Depot | S&P “A” Credit | +22 Yr Hist. Occupancy

7200 Woodward Ave, Woodridge (Chicago MSA), IL 60517

Listing Price: $9,565,417

Cap Rate
7.25%
Tenant Name
Home Depot U.S.A., Inc.
Years Remaining On Lease
0.8
Guarantor
Corporate Guarantee
Rentable SF
110,552
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$6.27

Investment Overview

Positioned Along Area’s Major Retail & Traffic Corridor: Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 48k Vehicles. Densely Populated Area with Over 250k Residents Within a 5-Mile Radius With an Average Household Income of Over $117,843. Prime accessibility directly off Exit 15 of Interstate-355 (“I-355”) at the intersection of Woodward Avenue and 75th Street. Centerpointe of Woodridge is a single level, open air shopping center situated on approximately 42.87 acres and conveniently located 7200 Woodward Avenue, at the intersection of I-355 and 75th Street in Woodridge, DuPage County, Illinois. The Home Depot, Inc. is the world’s largest home improvement retailer based on net sales for fiscal 2020. The Home Depot offers customers a wide assortment of building materials, home improvement products, lawn and garden products, décor products, and facilities maintenance, repair and operations products and provide a number of services, including home improvement installation services and tool and equipment rental. As of the end of fiscal 2020, The Home Depot had 2,296 stores located throughout the U.S. (including the Commonwealth of Puerto Rico and the territories of the U.S. Virgin Islands and Guam), Canada, and Mexico. The Home Depot stores average approximately 104,000 square feet of enclosed space, with approximately 24,000 additional square feet of outside garden area. They also maintain a network of distribution and fulfillment centers, as well as a number of e-commerce websites.

Investment Highlights

  • 22+ Year Historical Occupancy – Tenant Extended the Term an Additional 5+ Years in 2017
  • S&P Investment Grade Credit Rating of "A"
  • Subject Property Is Approximately 110,552 Square Feet, Situated on a ±10.06 Acre Separated Parcel

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Department Store

Home Depot | S&P “A” Credit | +22 Yr Hist. Occupancy

Listing Price: $9,565,417

Cap Rate
7.25%
Tenant Name
Home Depot U.S.A., Inc.
Years Remaining On Lease
0.8
Guarantor
Corporate Guarantee
Rentable SF
110,552
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$6.27

Investment Highlights

  • 22+ Year Historical Occupancy – Tenant Extended the Term an Additional 5+ Years in 2017
  • S&P Investment Grade Credit Rating of "A"
  • Subject Property Is Approximately 110,552 Square Feet, Situated on a ±10.06 Acre Separated Parcel

Investment Overview

Positioned Along Area’s Major Retail & Traffic Corridor: Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 48k Vehicles. Densely Populated Area with Over 250k Residents Within a 5-Mile Radius With an Average Household Income of Over $117,843. Prime accessibility directly off Exit 15 of Interstate-355 (“I-355”) at the intersection of Woodward Avenue and 75th Street. Centerpointe of Woodridge is a single level, open air shopping center situated on approximately 42.87 acres and conveniently located 7200 Woodward Avenue, at the intersection of I-355 and 75th Street in Woodridge, DuPage County, Illinois. The Home Depot, Inc. is the world’s largest home improvement retailer based on net sales for fiscal 2020. The Home Depot offers customers a wide assortment of building materials, home improvement products, lawn and garden products, décor products, and facilities maintenance, repair and operations products and provide a number of services, including home improvement installation services and tool and equipment rental. As of the end of fiscal 2020, The Home Depot had 2,296 stores located throughout the U.S. (including the Commonwealth of Puerto Rico and the territories of the U.S. Virgin Islands and Guam), Canada, and Mexico. The Home Depot stores average approximately 104,000 square feet of enclosed space, with approximately 24,000 additional square feet of outside garden area. They also maintain a network of distribution and fulfillment centers, as well as a number of e-commerce websites.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

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