Greenstone Partners, as the Exclusive Investment Advisors, is pleased to present the opportunity to acquire the 100% fee-simple interest in 642 North Clark Street (the “Property”/”Investment”), a single-tenant net leased investment located in Chicago’s River North neighborhood.

The 15,500 square-foot, three-story property is positioned prominently with 40 feet of frontage along Clark Street, just north of Ontario Street. The Property consists of one retail tenant, RiNo, a Parlor Hospitality Group concept, and additional income via the sign on the south wall of the building. RiNo is just 3 years into a 20-year net lease in which the tenant pays for all expenses, providing a new investor with a stable and more passive investment.

Located in River North, the Property sits in Chicago’s premier night life hotspot. The neighborhood is known for its restaurants, clubs, and shopping, forming the ideal convergence of local entertainment and tourism hotspot. Within a block of the Property are multiple iconic Chicago destinations, including TAO, Chicago’s flagship Rock ‘N’ Roll McDonald’s, and the most prominent Portillo’s location in the City. Dozens of acclaimed restaurants, many with Michelin star rating, operate in River North, including Chicago Cut, RPM Steak and Italian, Mastro’s, and GT Prime, among many others.

River North has long been one of the most sought-after neighborhoods to live in because of its proximity to entertainment and employment, as well as other bustling neighborhoods such as Gold Coast, Old Town, and West Loop. The development pipeline of high-rise apartment buildings in the neighborhood brings a highly desirable mix of youth and wealth to the area. The demographics are among the best in Chicago, with a 1-mile average household income of nearly $151,000, median home value of $483,000, and total population of 139,559.