Greenstone Partners, as the Exclusive Investment Advisor, is pleased to present the opportunity to acquire the 100% fee-simple interest in 3728-3730 N Southport Avenue (the “Property”), a ± 5,893 square foot, two-tenant retail investment located in Chicago’s Lakeview neighborhood. The Property is leased to European Wax and STRONG Pilates, 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. European Wax, a nationally recognized beauty and wellness brand with 1,000+ locations across the U.S., has occupied the space since 2013. The tenant operates under a net lease structure, providing reliable, passive income with minimal landlord responsibilities. STRONG Pilates, a fast-growing international fitness concept combining Pilates and cardio on custom reformer machines, recently signed a 10-year lease with 3% annual rent escalations, reflecting strong long-term commitment and embedded income growth. As part of their U.S. expansion, this location is one of the first in Chicago.
This highly visible property sits in one of the most desirable urban retail submarkets in Chicago, surrounded by a dense population base of over 83,000+ residents within a 1-mile radius, and an average household income exceeding $139,000. The location benefits from constant pedestrian activity, driven by a dynamic mix of residential, retail, and entertainment uses, including the historic Music Box Theatre, directly across the street, as well as proximity to Wrigley Field, a major destination that draws over 3 million visitors annually for Cubs games and concerts.
⦿ 8.05-YEAR WALT + NET LEASES
⦿ FULLY LEASED RETAIL STRIP
⦿ PREMIUM RETAIL CORRIDOR
⦿ DYNAMIC LAKEVIEW NEIGHBORHOOD
⦿ PHENOMENAL ACCESS TO PUBLIC TRANSIT