Urban-High Street
Starbucks and Nook Daycare & Preschool | Affluent Bucktown Neighborhood
2101 W Armitage Ave, Chicago, IL 60647
Listing Price: $3,265,000
Investment Overview
This Bucktown asset combines stability and strong demand, anchored by Starbucks and Nook Daycare & Preschool in a fully occupied, net-leased center. Starbucks has operated at the site since 2008, exercising multiple renewal options, while Nook has been a tenant since 2016 and is now in its first renewal term with 3% annual rent increases. A proven operator, Nook runs four schools within two blocks and nine locations across Chicago.
The property sits along Armitage Avenue in the heart of Bucktown, where 10,800 vehicles pass daily, complemented by strong pedestrian and bike traffic from a nearby Divvy station and multiple CTA and Metra stops. Immediate access to I-90/94 further strengthens connectivity. With average household incomes nearing $200K within a half-mile and limited national coffee competition in the trade area, the property is well-positioned for durable, long-term performance.
Starbucks and Nook Daycare & Preschool | Affluent Bucktown Neighborhood
Investment Highlights
- Starbucks and Nook Daycare & Preschool | Established, Long-Term Tenants (2008 & 2016)
- Nook Daycare & Preschool operates 9 locations | The subject property is one of four in a two-block radius
- Prime Bucktown Location | High-Visibility Along Armitage Avenue (10,800 VPD)
- Located a half mile from Interstate-90/94 with 228,800 VPD | CTA and Metra Train and bus lines are all within a .6 mile radius of the property
- Significant lack of national coffee shops from the south to the west of the property
- Average household income of nearly $200K within a half-mile radius | Infill location with 16,285 residents within the same radius
Urban-High Street
Starbucks and Nook Daycare & Preschool | Affluent Bucktown Neighborhood
Listing Price: $3,265,000
Investment Highlights
- Starbucks and Nook Daycare & Preschool | Established, Long-Term Tenants (2008 & 2016)
- Nook Daycare & Preschool operates 9 locations | The subject property is one of four in a two-block radius
- Prime Bucktown Location | High-Visibility Along Armitage Avenue (10,800 VPD)
- Located a half mile from Interstate-90/94 with 228,800 VPD | CTA and Metra Train and bus lines are all within a .6 mile radius of the property
- Significant lack of national coffee shops from the south to the west of the property
- Average household income of nearly $200K within a half-mile radius | Infill location with 16,285 residents within the same radius
Investment Overview
This Bucktown asset combines stability and strong demand, anchored by Starbucks and Nook Daycare & Preschool in a fully occupied, net-leased center. Starbucks has operated at the site since 2008, exercising multiple renewal options, while Nook has been a tenant since 2016 and is now in its first renewal term with 3% annual rent increases. A proven operator, Nook runs four schools within two blocks and nine locations across Chicago. The property sits along Armitage Avenue in the heart of Bucktown, where 10,800 vehicles pass daily, complemented by strong pedestrian and bike traffic from a nearby Divvy station and multiple CTA and Metra stops. Immediate access to I-90/94 further strengthens connectivity. With average household incomes nearing $200K within a half-mile and limited national coffee competition in the trade area, the property is well-positioned for durable, long-term performance.
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