May 24, 2019 – Matthew Nadler, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Arby’s in Chicago Heights, Illinois. Horvath & Tremblay exclusively represented the seller and procured the buyer in the transaction that closed at a sale price of $1,464,000, a 5.0% cap rate.
Arby’s fully occupies a free standing 2,464-square foot building located along S Halstead Street within a densely populated residential area. The Property benefits from its positioning directly across the street from Prairie State College. Arby’s operates under a new 20-year triple net lease with two, 10-year option periods with 10% rental escalations scheduled every 5 years throughout the lease term and options periods.
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.