Greenstone Partners, as the Exclusive Investment Advisor, is pleased to present the opportunity to acquire the 100% fee-simple interest in 1471 N. Milwaukee Ave (the “Property”), an urban infill mixed-use investment prominently located in Chicago’s vibrant Wicker Park neighborhood anchored by Sweetgreen as the retail tenant along with four (4) apartments. The prominently located corner building contains ±10,740 gross square feet and ±7,859 leasable square feet is positioned on the southeast corner of N. Milwaukee Avenue and N. Honore Street. The location includes neighboring retailers including the first CAVA location in the Midwest, Jeni’s Ice Cream, Supreme, Addidas Originals, Tacombi, 2nd Street, Urban Outfitters, Crumbl Cookies and many more.

Sweetgreen (NYSE: SG) is one of the fastest growing fast casual healthy eating establishments in the country and signed a 10-year corporately guaranteed lease in 2020, reimbursing for 75% of the real estate taxes and 33% of operating expenses. The lease features 2.0% annual increases with two (2), five (5) year renewal options. The upper floor apartments consist of three (3), 2 bed / 1 bath units and one (1), 1 bed / 1 bath unit. Each apartment includes hardwood floors, granite countertops, in-unit washer/dryer, air conditioning and central heat, upgraded kitchens equipped with GE Energy Star appliances, and high ceilings.

The Property is 900 feet from the six-way intersection epicenter of North, Damen, and Milwaukee Avenues with exceptional pedestrian and vehicle traffic counts (45,900 VPD). The Wicker Park neighborhood 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 its proximity to the Kennedy Expressway (Interstate 90/94), the CTA Damen Blue Line ‘L’ station, and The 606, Chicago’s first elevated park.

Within 1-mile, demographics include an average household income of $154,006, a median home value of $602,977 and a total population of 60,226.