100% NNN Leased Downtown Evanston Trophy Retail Investment

Investment Overview

810–812 Grove Street presents the opportunity to acquire a fully leased retail investment in the heart of Downtown Evanston, anchored by two established restaurant and café tenants operating under triple-net (NNN) leases. The 8,042-square-foot property is occupied by Tian Bistro and Cupitol Coffee & Eatery, providing investors with stable, predictable cash flow and minimal landlord responsibilities. Situated within Evanston's vibrant downtown retail corridor, the property benefits from exceptional pedestrian traffic, affluent surrounding neighborhoods, Northwestern University's approximately 23,000 students, faculty, and staff, and immediate access to both CTA and Metra transit. Zoned D-2 (Downtown Retail Core District), the asset occupies a premier infill location with strong long-term real estate fundamentals, intrinsic land value, and future redevelopment potential. Generating a current Net Operating Income (NOI) of $245,048, 810–812 Grove Street offers investors a rare opportunity to acquire a passive, income-producing asset in one of Chicago's most desirable and supply-constrained suburban retail markets. Additionally, the property is submerged in a dominant retail corridor, with neighboring retailers including Trader Joe’s, Walgreens, Whole Foods, LA Fitness, Giordano’s Dollop Coffee, McDonald’s, Panera Bread, Buffalo Joe’s, Burger King, Blaze Pizza, Chili’s, and Chase Bank among others.

Investment Highlights

• 100% NNN leased to two established restaurant operators, with an NOI of $245,048
• Premier infill location with excellent visibility and strong pedestrian traffic
• Zoned D-2 (Downtown Retail Core District), allowing for long-term redevelopment and value enhancement potential