Greenstone Partners, as the Exclusive Investment Advisor, is pleased to present the opportunity to acquire the 100% fee-simple interest in 1484 N. Milwaukee Avenue (the “Property”), a trophy single-tenant retail investment prominently located in Chicago’s vibrant Wicker Park neighborhood.

The ±3,100 square foot retail property is 100% occupied by CAVA (NYSE: CAVA), a fast casual Mediterranean restaurant with 297 locations across the country and plans to reach over 1,000 restaurants by 2032. CAVA currently possesses a market cap of $4.04 billion and saw $564 million in revenues in 2022, with same restaurant sales growth of 18.2% as of Q2 2023. The Property stands out as CAVA’s first location in Illinois and the fourth in Midwest.

Located on the corner of North Milwaukee Avenue and North Honore Street, the Property is well-positioned just steps from the six-way intersection epicenter of Milwaukee, North, and Damen Avenues with exceptional pedestrian and vehicle traffic counts (46,450 VPD). Wicker Park has flourished into a highly desirable residential market as well as a prominent “high-street” shopping district with thousands of daily retail customers. Positioned on Milwaukee Avenue, the Property benefits from well-known neighbors including Supreme, Levi’s, Carhartt, Adidas Originals, Burton, Arc’teryx, sweetgreen, Jeni’s Ice Cream, Buffalo Exchange, BODYBAR, Crumbl Cookies, Tropical Smoothie Café, and many others.

Within 1-mile, demographics include a population of 62,580, an average household income of $152,606, and a median home value of $601,332.