1521 N Milwaukee Ave, Chicago, IL 60622

PUBLICLY TRADED TENANT

Urban Outfitters is a lifestyle retailer with more than 200 locations across the United States, Canada, and Europe. Operating the brands Urban Outfitters, Anthropologie, Free People, and Terrain, Urban Outfitters, Inc. is a publicly traded company with a market cap of $6.6 Billion and annual revenue of $6.2 Billion.

21-YR TENURE + NET LEASE

Urban Outfitters has occupied the Property since 2005 and operates on a favorable net lease structure that has the tenant reimburse for taxes, insurance, and utilities, and the tenant is directly responsible for its own maintenance.

IRREPLACEABLE LOCATION

The Property is positioned just steps from Wicker Park’s major intersection, “Six-Corners” (Milwaukee/North/Damen Avenues), boasting some of the heaviest pedestrian counts outside of the Chicago Loop. The intersection experiences 46,450 vehicles per day. The Property also benefits from its easy access to Interstate 90/94, which is just 0.6-miles to the east.

FLAGSHIP RETAIL, DESTINATION RESTAURANTS, TOURISM, ROBEY HOTEL

Many national retailers such as Barnes & Noble and Adidas Originals have flagship locations nearby while brands like Shinola, CAVA, Sweetgreen, Supreme, Carhartt, Wells Fargo, Marine Layer, and a new Abercrombie store each call Wicker Park home. The area attracts national and international tourists with an eclectic mix of high-street retail shops, restaurants, bars, and entertainment venues. The Robey Hotel with 69 rooms showcases two rooftop decks and offers tourists a high-quality stay.

PROXIMITY TO TRANSIT

The Property is located 0.2-miles from the CTA Blue Line ‘L’ station at Damen Avenue, which serves 2,023,000 passengers annually. CTA bus routes #50, #56, #70, and #72 are within walking distance of the Property, while Chicago’s busiest dedicated bike lanes run along Milwaukee Avenue.

SUPERIOR DEMOGRAPHICS

Within 1 mile, the average household income is $152,981 and the median home value is $603,160. A total population of 61,605 live within 1-mile.