August 13, 2021 – Mark Heidecke of Horvath & Tremblay has successfully completed the sale of a Retail Plaza in Wheaton, Illinois. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $700,000.
The Retail Plaza is located at 1801 E Roosevelt Road in Wheaton, Illinois. The Retail Plaza contains 3,600 square feet and is situated on approximately 0.38 acres. The retail plaza is comprised of three (3) tenants, Danada Deli, Wheaton Tobacco and Namaste Foods. Each tenant has a formal lease with schedule rent increases. The property is located in a densely populated residential area at the signalized intersection of E Roosevelt Road (IL Route 38) and S Lorraine Road. E Roosevelt Road is the primary commercial corridor serving the area and is home to countless national retailers and the area’s primary grocers driving traffic to the area. The Property benefits from outstanding visibility and signage in the heart of Wheaton’s primary commercial corridor.
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.