Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single tenant Oportun located at 2000 W Grand Avenue in Waukegan, Illinois (the “Property”). Oportun occupies a 1,500 square foot building on a 0.36-acre parcel of land and has been at this location since 2017. Oportun has 1+ years remaining on their lease with two (2), 4-year renewal options. The lease calls for attractive rent increases at the start of each of the renewal options.
The Property is extremely well located along Grand Avenue, one of the area’s primary commercial and commuter corridors. The Property enjoys outstanding visibility, frontage and access and is in the center of a dense trade area that is home to shopping centers, national and local retailers, restaurants, and businesses, all of which drive traffic to the area. Oportun is within minutes of several area schools and is surrounded by residential neighborhoods providing a built-in customer base. Additionally, the Property is convenient to Lake Michigan, Waukegan Municipal Beach, and the area’s highways.