1484 Milwaukee AveChicago, IL 60622

This exceptional investment opportunity presents the chance to acquire a fee-simple interest in a 3,100 square foot, Class A retail property located at 1484 N Milwaukee Ave, Chicago, IL 60622. This is the first CAVA location in Illinois, a fast-casual Mediterranean restaurant with a 14.3-year lease (NN+) commencing March 1, 2024, and featuring 2.75% annual rent bumps. The property boasts a strong Net Operating Income (NOI) of $214,045, resulting in a 6.00% cap rate. Situated in the vibrant Wicker Park neighborhood, this single-tenant property benefits from high pedestrian and vehicle traffic (46,450 VPD) at a prominent corner location. The surrounding area features a dense population (62,580 within 1 mile), high average household income ($152,606), and substantial median home value ($601,332), indicating a strong and affluent customer base. The property's location is further enhanced by its proximity to well-known retailers such as Supreme, Levi's, and others, solidifying its position within a thriving retail district. The building, renovated in 2024, is a single-story structure offering 100% occupancy. This is a core, net lease investment with an asking price of $3,567,000.