Investment Overview

Marcus & Millichap is pleased to exclusively present the Lit Café retail condominium, located in Chicago’s highly desirable Wicker Park neighborhood. The subject property consists of an approximately 1,900-square-foot, street-level storefront fully leased to Lit Café, a specialty coffee operator offering hemp-infused beverages alongside a protein-focused bakery concept. Notably, the adjacent property to the west, Pop Craft Studio, is also available, presenting a potential dual-acquisition opportunity. The tenant operates under a triple-net lease, with minimal landlord responsibilities limited to 9 percent of the foundation, structural concrete floors, and exterior walls. The tenant reimburses its pro rata share of operating expenses. The lease includes a new five-year initial term with two additional five-year renewal options, each featuring three percent annual rent escalations. The property benefits from a dense and affluent trade area, with more than 527,000 residents within a three-mile radius and an average household income of approximately $182,000 within one mile. Lit Café is a community-focused retail café and bakery concept supported by strong foot and vehicle traffic along Division Street and nearby Milwaukee Avenue, two of Chicago’s premier retail corridors. This offering presents a stabilized Triple-Net investment with limited landlord responsibilities, located within one of Chicago’s most sought-after retail corridors.