January 13, 2022 – Zach Smith of Horvath & Tremblay has successfully completed the sale of Aspen Dental in Oswego, Illinois. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $2,975,000.
Aspen Dental is located at 2340 Walter Payton Memorial Highway (US Route 34) in Oswego, Illinois. Aspen Dental has 9+ years remaining on their double net lease with two (2), 5-year renewal options. The Lease features 10% increases every five years throughout the primary term and at the start of each of the renewal options. The property is located just off of US Route 34, the area’s primary commercial corridor with excellent visibility and access to more than 29,500 vehicles per day. The Property is an outparcel to the Prairie Market, a large regional power center anchored by Walmart Supercenter, Kohl’s, Dick’s Sporting Goods, Best Buy and others. The property is near several large schools including Oswego East High School and Oswego High School (3,850+ students), and is minutes from the 210 bed Rush Copley Medical Center, which employs more than 2,250 people.
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.