901 W Kinzie St, Chicago, IL, 60607, US

Guinness Open Gate Brewery

资产描述

JLL, as exclusive advisor, is pleased to offer for sale the single-tenant Guinness Open Gate Brewery, located at 901 W. Kinzie Street in urban Chicago, IL (the “Property”) within the Fulton Market District. The Property represents an impressive redevelopment to create a flagship location for food, beverage, and engaging customer experiences in one of the country’s premier submarkets.

In recent years, Chicago’s Fulton Market District has quickly become the city’s top destination to live, work, and play. The area’s unprecedented population growth and influx of luxury hotels and restaurants including Nobu and SoHo House has drawn some of the world’s largest companies to migrate there. Fulton is the nation’s fastest growing urban office submarket with global giants such as Google, McDonald’s, and Mondeléz International recently moving in and additional companies including Boston Consulting Group and Greenberg Traurig following suit with plans to soon leave Chicago’s traditional business district for new offices near the Property. This flight to Chicago’s west side has led to greater than 20% growth in retail rents and more than 5.3 million SF of class-A office space being delivered since 2017.

This offering allows investors the chance to acquire a unique retail project in the most exciting submarket in the Midwest, highlighted by growing long-term cash flows secured by a tenant with one of the strongest brand names in the world.

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属性

建筑总面积

1,408 平方米

占用率

100%

建成年份

2023

土地总面积

8,347.45 公顷

媒体

投资亮点

100% INVESTMENT GRADE CREDIT

Guinness parent company Diageo has an A3 rating per Moody’s
Operating and gross profit margins have remained steady since the start of FY 2021, averaging 29% and 60%, respectively
$20.3 billion in 2024 sales net of duties and tariffs
$2.6 billion of free cash flow in fiscal year 2024, representing 17% growth over 2023
Sales in 180+ countries from 200+ brands that employ 30,000+

TROPHY RETAIL SITE FOR A NEW TO MARKET, GLOBALLY RECOGNIZED BRAND

Fully redeveloped flagship restaurant, taproom, and storefront
Chicago location is the second Guinness brewery in the US and the only privately owned location in the world
On-site bakery and coffee shop to increase visitor traffic throughout all hours of the day

IRREPLACEABLE LOCATION IN ONE OF THE NATION’S TOP SUBMARKETS

2.6 million SF of net office absorption since the start of 2020
Chicago’s top retail corridor with daily foot traffic from 17.7 million visitors, outpacing Michigan Avenue by 1 million visitors
Roughly 7,690 new multi-housing units either planned or under construction over the next 4 years
3,395 class-A residential units delivered since the start of 2020
Exceptional demographics in a 3-mile radius
489,000 population, 44% of residents below the age of 35
Average household income of $140,000, 31% above national average, 23% of households earning $200,000+
68% of residents are educated with a Bachelor’s degree or higher

NET-LEASED INVESTMENT

NNN lease with term through September 2033 and 2.5% annual rent increases
Annual rent escalations offer investors consistent and stable cash-flow growth

CONVENIENT & ACCESSIBLE LOCATION

Immediate access to public transportation including CTA Blue, Green, and Pink Line “L” stations within 3 blocks
Interconnected to Chicago’s Central Loop – 2 minutes by train, 6 minutes by car
Direct access to Interstate 90/94 via Hubbard Street located less than one mile northeast