October 2, 2018 – Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of the ground lease to Shell Gas and Seasons Mart in Plymouth, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to close the transaction at a sale price of $3,775,000.
The ground lease has over 2 years remaining on the base term of the original 20-year lease with six, 5-year options. Shell Gas and Seasons Mart is located at the signalized intersection of Home Depot Drive and Long Pond Road at the entrance to a Home Depot and Hilton Garden Inn anchored retail center. Additional tenants in the retail center include: West Marine, Ethan Allen, Ninety-Nine Restaurant, Town Fair Tire, AT&T, Pilgrim Wine & Spirits, UPS, Sleepy’s, Message Envy, Hot Locks Salon and New Tokyo Japanese Restaurant. Located across the street is The Grove at Plymouth Shopping Center, a 425,000-square foot regional shopping center anchored by BJ’s Wholesale Club and Kohl’s. The Property is easily accessible at Exit 5 off of the heavily travelled Route 3 corridor – a major commuter route to Boston and the primary artery which vacationers travel to and from Cape Cod and benefits from its highly visible location to the more than 22,300 passing vehicles per day.
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.