May 1, 2019 – Matthew Nadler of Horvath & Tremblay have successfully completed the sale of Taco Bell in Portland, Maine. Horvath & Tremblay represented buyer to close the transaction at a sale price of $1,200,000.
Taco Bell operated under a 20-year triple net lease with four, 5-year options. This Taco Bell restaurant is operated by Charter Foods, a 200+ unit franchisee. Taco Bell fully occupies a 2,250-square foot building along Washington Drive with nearby national tenants including: Dunkin’ Donuts, Walgreens, Dollar Tree, TD Bank, Shaw’s, Starbucks, Little Caesar’s, Bank of America and CVS.
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.