DuPage County Single-Tenant Lounge | 393 North Ave
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DuPage County Single-Tenant Lounge 393 North Ave
2,800 SF Retail Building Glendale Heights, IL 60139 $599,000 ($214/SF)
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,800 SF
Building Class
C
Year Built
1980
Price
$599,000
Price Per SF
$214
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.36 AC
Zoning
C
Frontage
61 FT on North Avenue
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 05-03-202-004 | Improvements Assessment | $53,950 |
| Land Assessment | $44,340 | Total Assessment | $98,290 |
PROPERTY TAXES
Parcel Number
05-03-202-004
Land Assessment
$44,340
Improvements Assessment
$53,950
Total Assessment
$98,290
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DuPage County Single-Tenant Lounge | 393 North Ave
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