October 20, 2017 – Bob Horvath, Todd Tremblay and Matthew Nadler of Horvath & Tremblay have successfully completed the sale of Little Caesars in Everett, MA. Horvath & Tremblay exclusively represented the seller and procured the buyer to close the property over asking price at $675,000.
Little Caesar’s 5-year, triple-net (NNN) lease, commenced in August 2015 and has three years remaining on the lease term plus two, five-year renewal options, that include a 12.5% rent increase in year one of each renewal term. The Little Caesars property offers two means of ingress/egress and 8-10 parking spaces. The restaurant offers dining-in, take-out and delivery service. The Property is located on an urban-infill, corner lot, along Broadway, the main thoroughfare running north-south through the city of Everett. Everett is a small (3.5 square miles) but densely populated city of 44,700 residents located immediately north of Boston across the Mystic River.
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.