September 22, 2022 – Mark Heidecke of Horvath & Tremblay has successfully completed the sale of the Glenwood Center in Glendale Heights, Illinois. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $1,220,000.
The Glenwood Center is located at 1120 North Main Street in Glendale Heights, Illinois. The Property consists of a 9,150 square foot retail center on a 1.22-acre parcel of land. The Property is 100% leased to four (4) e-commerce resistant tenants, HG Athletics, Edward Jones, Apple Dental, and Hard Rock Gaming Cafe. All four of the tenants have net leases, providing a safeguard against cashflow from future expense growth. Glenwood Center is located just south of the highly trafficked intersection of Main Street and North Avenue, the area’s two primary commercial corridors which sees an impressive 66,000 vehicles per day. The Property is within 1-mile of a myriad of national retailers and other traffic generators that produce high daytime volume including, Menards, AMITA Health Medical Center, Goodwill, Dollar Tree, Valli Produce, La Rosita Grocery Store, Portillo’s, Wendy’s, Dunkin Donuts, Taco Bell, and many more. The Property benefits from solid demographics, with a population of nearly 295,000 within 5-miles and an average household income of $112,000.
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.