July 20, 2023 – Mark Heidecke and Madison Mueller of Horvath & Tremblay have successfully completed the sale of the Central Square in Rolling Meadows, Illinois. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $930,000.
Central Square is located at 1910-1990 W Central Road in Rolling Meadows, Illinois. Central Square is a 5,625 square foot retail plaza situated on a 0.5-acre corner parcel. The Property enjoys outstanding frontage and visibility with four points of access and ample on-site parking. Central Square is 77.8% leased and is home to Subway, Chopsticks, and McKleen Cleaners. The Property has one vacant unit. Central Square offers significant upside through the lease-up of (1,250 square feet) of vacant space, 22.22% of the plaza. The vacant unit is a highly desirable endcap and can accommodate a host of prospective tenants. Central Square is situated on a highly visible corner parcel at the signalized intersection of E New Wilke Road and Central Road, one of the area’s primary commercial and commuter corridors. The Property enjoys convenient access to the Northwest Community Hospital and several area schools. The Property is close to IL Routes 53, 58, and 62, US Route 14, and Interstates 90 and 290. Additionally, the Property is within 2-miles of the Arlington Park and Arlington Heights Metra Stations. The Property further benefits from its proximity to densely populated residential neighborhoods that provide a built-in customer base for the Property.
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.