Greenstone Partners, as the Exclusive Investment Advisor, is pleased to present the opportunity to acquire the 100% fee-simple interest in the Shop of Beverly (the “Property” / “Investment”), a fully leased, urban infill, multi-tenant retail center located at 2302-2320 West 95th Street in Chicago’s established Beverly neighborhood.
The Shops of Beverly offers investors a durable income stream backed by a roster of nationally recognized tenants providing essential medical, food, and service-based uses. The Property is leased to Chase Bank, Chipotle, For Eyes, UChicago Medicine, and Sola Salons, creating a diversified tenant mix centered on daily needs and inperson customer traffic. With a 5.1-year weighted average lease term and all tenants operating under net leases, the Investment provides stable cash flow with limited landlord responsibilities and protection against future expense growth.
The Property is occupied by four investment grade tenants occupying 69% of the center, including Chase Bank and Chipotle, both of which have operated at the Property since the center’s original development 22 years ago. Chase Bank is the largest bank in the United States by asset value, with $4.3 trillion in total assets as of year-end 2025. Chipotle has also operated at the center for 22 years and has grown into a Fortune 500 restaurant platform with more than $12 billion in revenue over the last 12 months. Further reinforcing the center’s long-term tenancy profile, For Eyes has operated at the Property for 19 years and is owned by EssilorLuxottica, the global leader in eyewear and vision care, which is publicly traded on Euronext Paris.
The Shops of Beverly occupies a high-visibility position just off the signalized intersection of 95th Street and Western Avenue, one of the South Side’s primary retail corridors with combined daily traffic of 51,000 vehicles per day. Located 15 miles from downtown Chicago in the affluent Beverly neighborhood, the Property benefits from a strong surrounding retail environment featuring some of the area’s most recognizable national and regional retailers, including Whole Foods, Sam’s Club, Meijer, Walmart, Mariano’s, ALDI, Menards, Macy’s, Burlington, TJ Maxx, Ross Dress for Less, Michaels, DSW, Ulta, Planet Fitness, Starbucks, Raising Cane’s, McDonald’s, CAVA, Five Guys, Culver’s, and Chili’s.
⦿ 71% INCOME = INVESTMENT GRADE TENANTS & 12.8-YEAR AVERAGE TENURE
⦿ E-COMMERCE RESISTANT TENANCY + DOMINANT NATIONAL ANCHORS
⦿ AFFLUENT BEVERLY NEIGHBORHOOD + EXCELLENT TRAFFIC COUNTS
⦿ DOMINANT RETAIL EPICENTER + TOP-PERFORMING CHIPOTLE
⦿ SECURE NET LEASE INVESTMENT + RENT BUMPS
⦿ EFFICIENTLY CONFIGURED SUITES
⦿ EXCELLENT DEMOGRAPHICS & INFILL REAL ESTATE