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DuPage County Single-Tenant Lounge 393 North Ave

2,800 SF Retail Building Glendale Heights, IL 60139 £476,418 (£170/SF)

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Investment Highlights

Attractive Rent Increases
Located in DuPage County

Strong Demographics

Executive Summary

Horvath & Tremblay is pleased to present the exclusive sale of the Charcoal Hookah Lounge & Smoke Shop, a single-tenant investment property located at 393 North Avenue in Glendale Heights, Illinois (the “Property”). Charcoal Hookah Lounge & Smoke Shop signed a 5-year net lease in 2022 that currently has 2+ years remaining with one, 5-year renewal option remaining. The lease features attractive 3% annual rental increases throughout the base term and the option period. Charcoal Hookah Lounge & Shop is strategically located on North Avenue, the primary retail corridor in Glendale Heights. North Avenue is highly trafficked and features a number of large shopping centers with an array of national and local retailers. Additionally, the area is surrounded by large residential neighborhoods that provide a robust consumer base. Glendale Heights is a far west suburb of Chicago, roughly 25 miles from downtown and 10 miles from O’Hare International Airport. 393 North Avenue is less than 2 miles from Interstate 355, which provides access to other major highways, allowing for easy transportation throughout the Chicago metropolitan area.