Greenstone Partners, as the Exclusive Investment Advisors, is pleased to present the opportunity to acquire the 100% fee-simple interest in 1521 N Milwaukee Avenue (the “Property”), a single-tenant retail condo investment prominently located in Chicago’s vibrant Wicker Park neighborhood.

The ± 10,600 square foot retail property is 100% occupied by Urban Outfitters, which has occupied the Property for more than 21 years and recently exercised an early extension with a lease expiration in 2034. The tenant reimburses for taxes, insurance, and utilities, and pays for its own maintenance, offering a new investor a favorable lease structure with minimal expense leakage.

Urban Outfitters is multi-national lifestyle clothing store with 250+ locations. Urban Outfitters, Inc. is a publicly traded company (NASDAQ: URBN) and operates four brands that sell in brick-and-mortar stores – Urban Outfitters, Anthropologie, Free People, and Terrain.

Located on North Milwaukee Avenue, the Property features ±50 of frontage and 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. The Property benefits from well-known neighbors including CAVA, Supreme, Levi’s, ADIDAS Originals, Abercrombie & Fitch , Barnes & Noble, Lids, Saint Alfred, Barry’s Bootcamp, Carhartt, sweetgreen, Jeni’s Ice Cream, Buffalo Exchange, Tropical Smoothie Café, and many others.

Within 1-mile, demographics include a population of 61,145, an average household income of $169,513, and a median home value of $682,130.