July 12, 2019 – Matthew Nadler of Horvath & Tremblay has successfully completed the sale of Kum & Go in Colorado Springs, Colorado. Horvath & Tremblay procured the 1031 exchange buyer to complete the transaction at a sale price of $4,000,000.

Kum & Go operates under a new 15-year triple net lease that was signed at the close of escrow. There are 7.5% rental escalations scheduled every 5 years throughout the initial lease term and 5% rental escalations scheduled at the beginning of each of the five, 5-year renewal options. This Kum & Go site experiences high traffic counts in excess of 47,600 vehicles per day and is located in close proximity to national retailers including: Sonic, Little Sprouts, Chili’s, KeyBank, Arby’s, Taco Bell and Tuesday Morning.

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.