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2627 N Western AveChicago, IL 60647
2627 N Western
Asset ClassRetail
Weighted Average Lease Term9.3 Years
single-tenant net lease retail/flex
overview of deal

Overview

Greenstone Partners, as the Exclusive Investment Advisors, is pleased to present the opportunity to acquire the 100% fee-simple interest in 2627 N. Western Avenue (the “Property”), a single-tenant net lease property located within a high-traffic corridor separating Chicago’s vibrant Bucktown and Logan Square neighborhoods.

 

The ±9,779-square-foot free-standing retail property, is 100% occupied by The Dog Stop, which recently executed a new 11-year lease and invested more than $800,000 into its space, demonstrating a strong long-term commitment to the property. The Property also includes a full basement in addition to the ground level operations. The tenant reimburses real estate taxes and insurance and is responsible for all maintenance and utility expenses, providing investors with a highly favorable lease structure and minimal expense leakage.

 

The Dog Stop is a leading all-inclusive dog care provider with 45+ locations nationwide. Designed to meet the growing demand for premium pet care services, The Dog Stop offers a comprehensive suite of services, including daycare, boarding, grooming,

training, and retail pet products, creating a convenient one-stop destination for dog owners. The dog daycare industry has been rapidly expanding as pet ownership rises and more of the workforce returns to the office.

 

Located on Western Avenue, the Property features ±100 feet of frontage and is wellpositioned just steps from the 2-way intersection epicenter of Logan Boulevard and Western Avenue with exceptional vehicle traffic counts (42,600 VPD). The Property is adjacent to a children’s daycare building which provides additional visibility from

complimentary clients utilizing two daily services for their families. The Property benefits from well-known neighbors including Costco, Home Depot, Target, Starbucks, LA Fitness, Shake Shack, Chipotle, Regal Theatres, Menards, Marshalls, Michaels, HomeGoods, PetSmart, Ross, Burlington, Five Below, Dollar Tree, OfficeMax,

McDonald’s, and many others.

 

The Property benefits from its proximity to the CTA Blue Line ‘L’ stations at California Avenue (1 mile) and Western Avenue (0.9 miles) and the Kennedy Expressway (500 feet). CTA bus routes #49 and #76 are located within 0.1 miles of the Property. Furthermore, within 1-mile, demographics include a population of 51,958, an average household income of $155,519, and a median home value of $683,040.

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Investment Highlights

⦿ LONG TERM TENANCY + NET LEASE

 

⦿ SIGNIFICANT TENANT INVESTMENT

 

⦿ RESILIENT TENANT USE

 

⦿ PARKING ON SITE + DOCK-DOORS

 

⦿ STRONG RETAIL DESTINATION + VISIBILITY

 

⦿ PROXIMITY TO TRANSIT + KENNEDY EXPRESSWAY

 

⦿ SUPERIOR DEMOGRAPHICS

 

 

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2627 N Western AveChicago, IL 60647
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