Greenstone Partners, as the Exclusive Investment Advisor, is pleased to present the opportunity to acquire the 100% simple interest in 2577 N. Clark Street (the “Property”), a single-tenant restaurant investment prominently located in Chicago’s affluent and vibrant Lincoln Park neighborhood.

The ±9,200 square foot Property is 100% occupied by Briny Hospitality operating on a brand-new 7-year NNN lease with 4% annual rental escalations in years 2-3 and 2.5% thereafter as well as options to extend the term. Based in South Carolina, Briny Hospitality is a popular barbecue and seafood restaurant group and is considered one of Open Table’s ‘Top 10 Diners Choice’ and Food Network’s ‘#1 Charleston Restaurant’. This is Briny Hospitality’s first location in Chicago.

The Property is located at the intersection of Clark Street and Wrightwood Avenue. The Property benefits from its exceptional visibility of 103+ feet along Clark Street. Clark Street serves as one of Lincoln Park’s main retail corridors, featuring national tenants including Target, Trader Joe’s, Walgreens, Starbucks, Urban Outfitters, T.J. Maxx, Bluemercury, Banana Republic, J. Crew, New Balance, McDonald’s, 7-Eleven, Foxtrot, and many more. The Property is within walking distance of the CTA Brown and Purple Diversey Station that sees over 1.7 million passengers per year, as well as CTA Bus Routes #22, #36, #76.

According to IRS data, the 60614-zip code ranks #1 in Illinois by total adjusted gross income. Within 1-mile, demographics include a population of 86,106, an average household income of $131,509, and a median home value of $491,566.