July 27, 2022 – Chris King of Horvath & Tremblay has successfully completed the sale of the Goshen Village Shoppes in Goshen, Indiana. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $6,900,000.
Goshen Village Shoppes are located at 4536-4580 Elkhart Road in Goshen, Indiana. The Goshen Village Shoppes were constructed in 2004 and 2005 and consist of four buildings, comprised of a free-standing single tenant building and three strip centers. The Property has a total of 37,316 square feet and is improved by fifteen tenants and two vacant suites on 6.55 acres of land. The Property is leased to a mix of national and local tenants with long term leases. More than half of the tenants have been at the Property for 10 or more years, demonstrating their commitment to the site and the market. The average remaining lease term for the tenants is 6+ years. The Goshen Village Shoppes, anchored by Starbucks, are exceptionally well located along Elkhart Road (US Route 33), the areas primary commercial corridor, and are shadow anchored by a free-standing Meijer (with a pharmacy and gas station) as well as three other single tenant pad sites leased to Taco Bell, Wendy’s, and IHOP, driving additional traffic to the Property. The Property is positioned directly in between downtown Elkhart and downtown Goshen and is 2.3 miles from US Route 20.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in 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.