June 20, 2025 – Mark Heidecke of Horvath & Tremblay has successfully completed the sale of a retail plaza in Downers Grove, Illinois. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $3,675,000.
The retail plaza is located at 933-945 Ogden Avenue in Downers Grove, Illinois. The Property is improved by a 6,391 square foot retail plaza positioned on a 0.79-acre corner parcel of land. The Property is 100% leased to a strong roster of national tenants including McAlister’s Deli, Pearle Vision and Buffalo Wild Wings GO. Constructed in 2023, all three tenants have approximately 9 years remaining on their leases, each with two (2), 5-year renewal options. McAlister’s Deli and Pearle Vision have 10% rent increase every 5 years throughout the primary lease terms and at the start of each renewal option period. Buffalo Wild Wings Go has 3% annual rent increases throughout the primary term and renewal options. Additionally, all of the tenants have NNN leases and are responsible for 100% of the operating expenses. The Property is strategically located along Ogden Avenue (US Route 34), the area’s primary commercial corridor. The Property enjoys outstanding visibility and frontage and is one block from Main Street and Downers Grove North High School, and one mile from Advocate Good Samaritan Hospital. The Property is surrounded by national retailers and restaurants that drive traffic to the area and is convenient to densely populated residential neighborhoods that provide a built-in customer base. The Property is also within 2 miles of Interstates 88 and 355.
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.