August 24, 2017 – Matthew Nadler, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of the ground lease to Burger King in Stoughton, Massachusetts. Horvath & Tremblay procured the buyer to close the property at a sale price of $1,680,000, a 4.76% cap rate.
Burger King signed a new 20-year triple net ground lease in 2015, with strong rental escalations of 10% every five years throughout the base term of the lease and at the beginning of each of the four, 5-year options. This Burger King location is operated by one of the largest Burger King franchises who operates over 450 units. The newly constructed property benefits from great visibility and frontage on Washington Street and is located across the street from a Super Stop and Shop and down the street from additional retailers including: CVS, Walgreens, McDonald’s, Wendy’s, KFC/Taco Bell, Bank of America, Papa Gino’s, U-Haul, Subway and Dunkin’ Donuts. The property is strategically positioned on a heavily traveled retail corridor and is surrounded by residential communities and is a few blocks away from the only High school in Stoughton.
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.