January 4, 2022 – Bob Horvath, Todd Tremblay, Hobart Hare, and Daylan Skidmore of Horvath & Tremblay have successfully completed the sale of Walgreens in South Holland, Illinois. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete this transaction at a sale price of $6,956,522.
Walgreens is located at 390 E 162nd Street in South Holland, Illinois (the “Property”). Walgreens has been at the Property since its construction in 2006 and has 10+ years remaining on an absolute triple-net lease with ten (10), 5-year renewal options. The Property is situated on a highly visible parcel at a signalized intersection of E 162nd Street (US Route 6) and South Park Avenue. E 162nd Street (US Route 6) is the area’s primary commercial and commuter corridor traversing South Holland. US Route 6 connects South Holland with Joliet to the west and Hammond, IN to the east. The Property is extremely well located at the commercial center of the city and benefits from outstanding visibility and access along US Route 6 and is just 1-mile from Interstate 94. The Property is surrounded by the area’s national retailers and is 1-mile from South Suburban College.
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.