September 30, 2021 – Mark Heidecke of Horvath & Tremblay has successfully completed the sale of the Jimmy Johns Retail Plaza in Elmhurst, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,150,000.
The Retail Plaza is located at 1035 S York Street in Elmhurst, Illinois. Constructed in 1988, the retail center sits on a 0.76-acre parcel of land and is anchored by a Jimmy John’s that has more than 9 years remaining on their lease. The center is also home to Bambu Thai Cuisine and Salon Revive, an upscale, full-service, hair salon. The center also has two adjacent 800 square foot suites that offer an investor upside through lease-up. The Jimmy John’s retail center at 1035 S York Street is located in a high traffic retail corridor near the intersection of Butterfield Road (Route 56) and S York Street in the Chicago suburb of Elmhurst. The retail center is surrounded by national retailers including Jewel-Osco, Dunkin Donuts, Burger King, McDonalds, Domino’s, Bank of America, and BMO Harris Bank. Additionally, the retail center offers tremendous visibility and access with two means of entry and egress. The Jimmy Johns retail plaza is less than ¼-mile from Elmhurst Hospital, features 259 private inpatient suites and has been named to the Fortune/IBM Watson Health 2020 list of the 100 Top Hospitals in the U.S. Elmhurst University, with a total enrollment of 3,500 students, is 2-miles away. Additionally, the property is serviced by the Pace Bus System, is approximately 1-mile from the heavily trafficked Interchange of Interstates 294, 88 and 290, and is also close to Routes 56, 38, and 83.
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.