October 6, 2017 – Brian Ahrens, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of a Caribou Coffee and Verizon retail center in Eau Claire, WI. Horvath & Tremblay procured the 1031 exchange buyer to close the property at a sale price of $1,250,000.
Caribou Coffee and Verizon Wireless fully occupy a 3,600-square foot two tenant retail building located along Hastings Way. Located on a high profile corner, this property features easy access and visibility to over 22,000 vehicles per day and is centrally located in the heart of the retail trade area. National retail tenants in the immediate area include: Pizza Hut, Advance Auto Parts, Starbucks, KFC, Walgreens, Taco Bell, CVS and AutoZone. Caribou Coffee operates under a corporately guaranteed lease with over six years remaining on the original lease term with two, 5-year options and Verizon Wireless recently signed a new five year lease with three, 3-year options.
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.