1415 N DAYTON ST Chicago IL 60642-2643

Greenstone Partners, as the Exclusive Investment Advisors, is pleased to present the opportunity to acquire the 100% fee-simple interest in 1415-1435 N. Kingsbury Street (the “Property”), a 100% leased, urban, mid-box retail investment located in Chicago’s Lincoln Park neighborhood, within the Clybourn Corridor Shopping District. The Property is situated on 2.33 acres of land in a dense urban location, providing long-term future upside for high-density development.

The Property presents a rare opportunity to acquire a premier, dual-anchor retail asset with 86 surface parking spaces located in one of Chicago’s most vibrant and rapidly evolving urban corridors. The Property is anchored by two nationally recognized and creditworthy tenants—Sky Zone and PetSmart—offering investors immediate access to durable income backed by established brands with significant national footprints. Sky Zone, a leading family entertainment provider with nearly 300 locations, and PetSmart, a dominant player in the $30 billion U.S. pet supply market, collectively generate consistent foot traffic and long-term lease security.

The Property benefits from strong long-term income stability, supported by a weighted average lease term of nearly seven years. Sky Zone executed a brand-new 10-year lease in 2024, which includes multiple five-year renewal options, while PetSmart has been in place since 2012 and retains four additional renewal options. Both leases feature 10% rental escalations at each extension, offering embedded income growth and protection against inflation. With both tenants operating under ‘Net’ lease structures, landlord responsibilities are minimized, providing an efficient and passive ownership profile.

The Property benefits from its position in a robust commercial corridor, an exciting entertainment district, and a rapidly developing housing market. The Clybourn Corridor submarket encompasses an extremely diverse tenant mix whose businesses span a wide spectrum of industries including food, clothing, grocery, entertainment, education, performing arts, healthcare, and more. Notable retail tenants in the area include a top 3 highest grossing Whole Foods, Apple, REI, lululemon, Dick’s Sporting Goods, Nordstrom, and Sephora. Furthermore, the Property benefits from its proximity to a variety of public transit options, including the CTA Red Line and bus routes #8, #70, and #72.

NATIONALLY RECOGNIZED TENANTS

LONG-TERM INCOME STABILITY

IRREPLACEABLE LOCATION

ATTRACTIVE RETAIL FUNDAMENTALS

AMPLE PARKING

PREMIUM DEMOGRAPHICS

IMMEDIATE PROXIMITY TO TRANSIT