Greenstone Partners, as the Exclusive Investment Advisor, is pleased to present the opportunity to acquire the single-tenant net leased property located at 846-848 Madison Street (“the Property”), in the robust Village of Oak Park, Illinois. The Property is 100% occupied by Robinson’s No. 1 Ribs, a local favorite and award-winning barbeque restaurant since 1983. Situated on the northside of Madison Street, between South Oak Park Avenue and South Kenilworth Avenue, the Property is located just five blocks from the CTA Oak Park Green Line ‘L’ Station and six blocks from the Metra Rail UP-W Oak Park Station (7,800,000 riders/year), which both directly connect to Chicago’s central business district, roughly 8 miles east of the Property.

Robinson’s No. 1 Ribs occupies the entire ±5,500 square foot building that is situated on ±7,150 square feet of land. Robinson’s has been operating in the Oak Park area for nearly 40 years, and signed a new 10-year lease in 2016. They operate under a triple-net lease, which offers a new buyer a very hands-off investment opportunity and the advantage of minimizing exposure to future expense growth.

The Property is situated in between several of Oak Park’s largest mixed-use developments with additional projects planned for the immediate surrounding neighborhood, including The Lexington Reserve Townhomes, The Emerson, Eleven33, and the Rush Oak Park Hospital.

The Property benefits from a robust commercial corridor of Downtown Oak Park, an exciting entertainment district and numerous public transit options. The Oak Park submarket encompasses an extremely diverse tenant mix whose businesses span across a wide spectrum of industries including food, clothing, grocery, entertainment, education, healthcare and more. Notable retail tenants include: Whole Foods (2nd highest sales in the U.S.), Target, Fitness Formula Club, Walgreens, Starbucks, DSW, Noodles & Company, LOFT, Ulta Beauty, CorePower Yoga, Dollar Tree, Sherwin Williams, and many more.

Oak Park is rated a notable “A+” by Niche.com as well as ranked 3rd in “Best Places to Live in Cook County.” The area offers the ideal density and demographics for retailers with a population of over 769,000 within 5-miles and an average household income of nearly $120,000 within 1-mile.

The Property offers the rare opportunity to own a rare single-tenant asset in a mature yet growing submarket, while providing a stable in-place cashflow and minimal management.