June 24, 2019 – Jeremy Black of Horvath & Tremblay has successfully completed the sale of Chili’s and Barnes & Noble in Clay, New York. Horvath & Tremblay procured the buyer in the transaction that closed at a sale price of $5,500,000.
Chili’s and Barnes & Noble occupy two free standing buildings along Route 31 in Clay. The Properties are outparcels to a larger retail center tenanted by Raymour Flanigan Furniture and Burlington. Additional national tenants drawing consumers to the busy retail corridor include: Smokey Bones Bar & Fire Grill, LongHorn Steakhouse, Outback Steakhouse, ALDI, Red Lobster, Burger King, Applebee’s, Hampton Inn, Wegmans, Lowe’s and Hobby Lobby.
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.