Major Tenants: Burlington, Nordstrom Rack, Five Below, X Golf, Men's Warehouse, Verizon
Extremely Limited Value-Add Offering
Rare Institutional-Quality Retail Center with Structured On-Site Parking in Chicago’s South Loop; Anchored by Nordstrom Rack, Burlington, & Five Below
Immediate and Significant Leasing Upside
Physical Occupancy of 57.0% Provides Investors with Unparalleled Growth Opportunities
Robust and Actionable Growth Opportunities
In-Place Rents & Occupancy Remain Significantly Below Market, Driving a 5-Year NOI CAGR Exceeding 42% and a 10-Year CAGR of Over 17%
Significant Upside Through Below-Market Anchor Re-Leasing
Burlington’s Gross Rent of $24.25/SF—Equivalent to $12.82/SF NNN—Offers Significant Upside Potential Through Conversion to Market-Rate NNN Leasing with Full Expense Pass-Throughs
High-Quality, Hard-to-Find National Daily Needs Tenant Mix
10 Established Brands Including Verizon, Orangetheory, Potbelly, Noodles & Co. & More
Predominantly NNN Lease Structure
9 of 10 Tenants are on NNN Leases, Providing Highly Stable Cash Flow and Significantly Reducing Landlord Operating Expense Exposure
Dynamic Leasing Momentum
Recent Lease Extensions Secured from Nordstrom Rack, Men’s Wearhouse, Potbelly, and Noodles & Co., Along with New Leases Executed with Orangetheory, Five Below, and X-Golf, Demonstrate Sustained Tenant Demand and Long-Term Occupancy Strength
Dedicated On-Site Structured Parking
A 6-Story Parking Garage with 678 Spaces (2.82 per 1,000 SF) is Included in the Offering and Generates $296K in NOI. This Amenity Provides a Critical Competitive Edge over Nearby Underparked Retail Centers.
Desirable Location with Prime Accessibility
Just 0.2 Miles from Taylor Street and Roosevelt Road Exit Ramps on I-90 (Dan Ryan Expressway), with a Traffic Volume of 226,000 Vehicles per Day (VPD)
High-Performance, Daily-Needs Trade Area
Strategically Located within a Dense, Retail-Driven Corridor Surrounded by High-Performing National Retailers. According to Placer.ai,
Nearby Tenants Rank in the Top Tier of their Chains:
Top 10% Performers: Home Depot, Jewel-Osco, Walgreens, Petco, Portillo’s
Top 15–30% Performers: Chipotle, Dollar Tree, Binny’s
Top-Performing, Dual Grocery Shadow Anchors
Adjacency to High-Performing Whole Foods and Jewel-Osco Anchors Generates Strong Daily Consumer Traffic and Validates the Property’s Prime, In-Demand Location
Whole Foods – The Only Location in the South Loop, Recently Extended for 10 Additional Years with 13 Years of Term Remaining
Jewel-Osco – Ranked #8 out of 185 Stores Chainwide and Part of the #1 Market Share Grocery Chain in the Chicago MSA
Transit-Connected Urban Infill Location
Just 0.4 Miles (9-Minute Walk) to the CTA Clinton Blue Line Station, the Closest “L” Stop to Both Union Station and the Greyhound Bus Terminal. The Station Serves 568K Annual Riders, Up 30% YoY, Offering Seamless Access to Chicago’s Central Business District.
Affluent, Infill, and Rapidly Growing Demographics
1-Mile Radius: 71,882 Residents (+11.5% Since 2020) with an AHHI Income of $135K
3-Mile Radius: 410,934 Residents (+3.7% Since 2020) with an AHHI of $134K
Proximity to UIC – Major Educational Anchor
Located just 0.3 Miles (7-Minute Walk) from the University of Illinois Chicago (UIC), Home to 34,000 Students and 3,100 Staff. Ranked the #2 Public University in Illinois, the Site is the Closest Regional Retail Hub to Campus
Steps from Major Corporate Employment Hubs
Only 0.3 Miles from the Historic Old Post Office Redevelopment (2.5M SF, $900M Renovation), Now a Major Employment Center with Notable Tenants:
Uber Freight HQ – 463K SF, 2,000+ Employees
Walgreens – 200K SF, 1,800 Employees
PepsiCo – 192K SF, 1,300 Employees
Ferrara Candy HQ – 77K SF, 400 Employees
Broad Regional Customer Draw
The Property Draws 80% of its Customer Traffic from a wide swath of Densely Populated South and West Side Neighborhoods, Reinforcing its Role as a Regional Retail Destination
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