July 16, 2021 – Mark MacDonald of Horvath & Tremblay has successfully completed the sale of a three-tenant retail plaza in Merrillville, Indiana. Horvath & Tremblay exclusively represented the seller and procured the buyer in this transaction at a sale price of $575,000.
The three-tenant retail plaza is located at 6124 Broadway Street in Merrillville, Indiana. The three-tenant, fee simple Property includes a 6,000 square foot building on a 0.27-acre lot. The Property is leased to PL$ Check Cashing and Boost Mobile and has one vacant 1,250 square foot suite. The highly visible Property is strategically located along Broadway Street (IN Route 53), the region’s primary commercial corridor, adjacent to the signalized intersection with W 61st Avenue. The Property is an outparcel to a Ruler Foods (Kroger) anchored Shopping Center and enjoys multiple points of access and outstanding visibility from Broadway Street (IN Route 53) and W 61st Avenue and is surrounded by national retailers, and two high schools. The Property also benefits from close proximity to Interstate 65, which is ¾-miles to the east. The area is home to the Northwind Industrial Complex, which is home to numerous large-scale industrial properties with large national and regional tenants, several hotels located just off of Interstate 65. The Property also enjoys close proximity to several area schools including the Merrillville High School, Andrean High School, Pierce Middle School, Merrillville Intermediate School, and Fieler Elementary School.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.