July 12, 2024 – Dan Tilsner of Horvath & Tremblay has successfully completed the sale of the Dunkin’ Retail Center in Northfield, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $2,775,000.
The Dunkin’ Retail Center is located at 1900 Willow Road in Northfield, Illinois. The Property is a three-tenant building, totaling 6,265 square feet on a 0.76-acre parcel, and is leased to Dunkin’, Imperial Nails & Spa, and North Shore Kitchen & Bath. The building is a newer, 2015 construction and the Dunkin’ features a drive-through. Dunkin’ has been at this location since 2015 and just extended their lease by ten (10) years demonstrating their commitment to the site and the market. The Dunkin Lease calls for 10% rent increases every 5 years throughout their primary lease term and at the start of each of their renewal options. The Imperial Nails & Spa Lease calls for 3.0% annual rent increases throughout their base term and renewal option, and the North Shore Kitchen & Bath Lease calls for 2.5% annual rent increases, providing a fixed increase in income and an attractive hedge against inflation. The Property is centrally located with excellent visibility on the highly trafficked throughway of Willow Road at the corner of Willow Road and Alice Place, just two streets down from I-94. The Property sits in the downtown area of Northfield, one of Chicago’s most affluent north shore suburbs, and provides convenient access to both downtown and the Central Business District, as well as convenient access to both I-94 and Route 43.
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.