This Bucktown asset combines stability and strong demand, anchored by Starbucks and Nook Daycare & Preschool in a fully occupied, net-leased center. Starbucks has operated at the site since 2008, exercising multiple renewal options, while Nook has been a tenant since 2016 and is now in its first renewal term with 3% annual rent increases. A proven operator, Nook runs four schools within two blocks and nine locations across Chicago.
The property sits along Armitage Avenue in the heart of Bucktown, where 10,800 vehicles pass daily, complemented by strong pedestrian and bike traffic from a nearby Divvy station and multiple CTA and Metra stops. Immediate access to I-90/94 further strengthens connectivity. With average household incomes nearing $200K within a half-mile and limited national coffee competition in the trade area, the property is well-positioned for durable, long-term performance.