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845 North State Street

Debbie Sharpe's The Goddess & Grocer Signs Lease For 2000 Square Feet In Chicago
LEASEDRetail

Debbie Sharpe's The Goddess & Grocer Signs Lease For 2000 Square Feet In Chicago

845 North State Street

Building Size

2,000 SF

Asset Type

Retail

Closing

Nov 21, 2024

AI

The property involved in this transaction is a retail asset located at 845 North State Street in Chicago. This space encompasses 2,000 square feet and will serve as the new location for The Goddess & Grocer, which is expanding its operations.

Summary of transaction details:

The new café location is anticipated to open in mid-January and will include an expanded menu featuring artisan coffee, bakery items, and savory grab-and-go options. It will also provide seating for 30 and include a full kitchen equipped with a wood-fired oven.

Players

Amy Sider

Odyssey Retail Advisors

Broker

$1.5M

vol

2 deals

Broker

Chicago Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93