901 Kinzie St Chicago, IL 60607

Property Details for 901 Kinzie St

Property size

15,153 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a fully redeveloped, 15,153-square-foot flagship Guinness Open Gate Brewery located at 901 W Kinzie St in Chicago's vibrant West Loop. The property, a single-tenant, Class A retail space, boasts a 10-year NNN lease with Guinness (a Diageo brand, rated A3 by Moody's), commencing September 28, 2023, and expiring September 30, 2033. This represents a remaining lease term of approximately 8.9 years, with built-in 2.5% annual rent bumps and two 5-year lease options. The property underwent complete renovations in 2023 and currently enjoys 100% occupancy since September 1, 2023. This prime location within Cook County, IL (zip code 60607) benefits from exceptional demographics, including a population of 489,000 within a 3-mile radius, with 44% of residents under 35 and an average household income exceeding $140,000—31% above the national average. The area's strong market fundamentals are further supported by 2.6 million square feet of net office absorption since 2020 and over 7,690 new multi-housing units planned or under construction. The property's convenient location offers immediate access to public transportation (CTA Blue, Green, and Pink Lines) and is within close proximity to the Central Loop and Interstate 90/94. This is a truly unique opportunity to acquire a trophy asset with a globally recognized brand in one of the nation's top submarkets, offering consistent and stable cash flow growth. The brewery includes an on-site bakery and coffee shop, further enhancing visitor traffic.

Location Insight

City

Chicago

County

Cook

State

Illinois

Longitude

-87.6504

Latitude

41.8887