901 Kinzie StChicago, IL 60607
Iconic West Loop location, 15,153 SF, NNN lease.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 120
Highlights
- Investment-grade tenant: Diageo (Moody's A3 rating).
- Strong operating performance: 29% average operating margin and 60% gross margin since FY2021; $20.3B in 2024 sales; $2.6B free cash flow (17% growth over 2023).
- Trophy retail location: Fully redeveloped flagship Guinness brewery; second US location, only privately owned globally.
- Prime Chicago location: Exceptional demographics (489,000 population, 44% under 35, $140,000 avg. household income, 23% earning $200,000+), strong market fundamentals (2.6M SF net office absorption since 2020, 7,690+ new multifamily units planned/under construction).
- 100% net-leased investment: Lease through September 2033 with 2.5% annual rent increases.
- Convenient location: Excellent public transit access (CTA Blue, Green, Pink lines); close proximity to the Central Loop and I-90/94.
Property Details for 901 Kinzie St
- Property type
- Retail properties, Restaurants
- Square Feet
- 15,153 SF
- Class
- A
- Year Renovated
- 2023
- Buildings
- 1
- Stories
- 1
- Units
- 1
Location Insight
- City
- Chicago
- County
- Cook
- State
- Illinois
- Latitude
- 41.8887132
- Longitude
- -87.650409
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - Iconic West Loop location, 15,153 SF, NNN lease.
- Where is the retail property located?
- The property is located at 901 Kinzie St Chicago, IL.
- What are key features of this property?
- This property features: Investment-grade tenant: Diageo (Moody's A3 rating).; Strong operating performance: 29% average operating margin and 60% gross margin since FY2021; $20.3B in 2024 sales; $2.6B free cash flow (17% growth over 2023).; Trophy retail location: Fully redeveloped flagship Guinness brewery; second US location, only privately owned globally.
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