July 29, 2021 – Brian Ahrens, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of the Moe’s Strip Center in East Peoria, Illinois. Horvath & Tremblay procured the buyer to complete the transaction at a sale price of $3,670,000.
The Moe’s Strip Center is located at 112-130 Spinder Drive in East Peoria, Illinois. The Property is a 9,300 square foot three-tenant retail center on a 1.28-acre parcel. The Moe’s Strip Center is 100% leased by three national tenants with outstanding brand recognition. All three tenants have net leases with scheduled rent increases in each option period. Jason’s Deli, Five Star Nutrition and Moe’s Southwest Grill are all National Tenants with 5-years remaining on their primary lease terms. The Moe’s Strip Center is situated adjacent to the signalized intersection of Spinder Drive and West Washington Street in the commercial center of East Peoria. The property is shadow anchored by Target and Costco, and benefits from three points of entry, egress and excellent visibility. The Property is surrounded by national retailers, and large scale warehouses and distribution centers and enjoys convenient access to Interstate 74 and US Highway 150.
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.