3355-3361 N Lincoln Ave
Chicago, IL 60657
Commerce de détail Propriété À vendre

Greenstone Partners, as the Exclusive Investment Advisor, presents the opportunity to acquire the 100% fee-simple interest in 3355-3361 N. Lincoln Ave (the “Property”), a ±10,846 square foot, two-story, two-tenant retail investment located in Chicago’s Lakeview neighborhood. The Property is leased to Sola Salon and Bitter Pops, both operating under ‘Net’ leases providing minimal landlord responsibilities.
The Property is occupied by two high-quality, service-oriented tenants that align with the corridor's retail profile and combine for a weighted average lease term remaining of 5 years. Sola Salon is the fastest-growing salon studio business in the country, with over 20,000 beauty professionals and more than 740 locations nationwide. Sola Salon has operated at this location since 2015 and recently exercised a 5-year renewal option, demonstrating their long-term commitment to the Property and the surrounding trade area.
Bitter Pops has been a staple in the community since 2016, and their continued growth speaks directly to the strength of their business and the demand within the neighborhood. Since opening, Bitter Pops has expanded beyond their original footprint, absorbing additional square footage within the building to accommodate their growing customer base. Bitter Pops serves as a truly multifaceted, all-day destination for Lakeview and Roscoe Village residents, seamlessly bringing together a coffee bar, taproom, kitchen, and retail shop under one roof.
The Property is located in Lakeview, one of Chicago’s most desirable neighborhoods offering high-end residential living, an abundance of popular restaurants and shopping amenities, and highly accessible transportation options. The Property benefits from its position in a bustling retail corridor, home to Whole Foods, Target, Trader Joe’s, LA Fitness, Starbucks, and Dunkin’, among many others.
Positioned on one of Chicago’s busy six-way intersections, the Property benefits from its visibility (10,300 vehicles per day) and frontage along Lincoln Avenue (±81 feet) and Roscoe Street (±133 feet). Furthermore, the Property is steps away from the Paulina CTA Station, with daily Brown Line ‘L’ service to Chicago’s downtown Loop. CTA bus routes #9, #77, and #152, serving Ashland Avenue, Belmont Avenue, and Addison Street, respectively, offer transit to all directions of the city.
The Property benefits from its location in the affluent Lakeview neighborhood. Within 1-mile, demographics include an average household income of $170,289, an average home value of $700,498, and a total population of $70,734.