November 1, 2023 – Tunde Osilaja and Dan Tilsner of Horvath & Tremblay have successfully completed the sale of the the Convenient Shopping Center in Mount Prospect, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,200,000.
The convenient Shopping Center is located at 2025-2037 E Euclid Avenue in Mount Prospect, Illinois. The four-suite plaza is 100% occupied and is improved with Studiano’s Hair & Nails, Edward Jones, Allstate, and iBuild and contains 8,040 square feet on a 0.52-acre parcel of land. Three of the four leases feature attractive annual rent increases. Additionally, all of the tenants also reimburse their pro-rata share of Real Estate Taxes, Insurance, Common Area Maintenance, and Repairs, offering protection from rising expenses. The Convenient Shopping Center is well positioned along E Euclid Avenue, one of the area’s primary east-west commuter corridors. The Property enjoys outstanding visibility and frontage and is adjacent to the signalized intersection with N Des Plaines River Road (US Route 45). More than 17,200 vehicles pass the Property along E Euclid Avenue, and an additional 20,300 vehicles pass by the Property along N Des Plaines River Road (US Route 45). The Property offers convenient access to the Prospect Heights Metra Station (1.2-miles), Interstate 294, and US Routes 12 and 14. The area is home to the Allstate Headquarters, Northshore Glenbrook Hospital, Glenbrook South High School, Signode Industrial complex, and the Chicago Executive Airport as well as several high-density residential communities drawing significant traffic to the area and providing a built-in customer base.
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.