July 18, 2019 – Matthew Nadler, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Wendy’s and Taco Bell in Athol, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $2,200,000.
Wendy’s occupies a newly constructed, built-to-suit, 3,324-square foot property located at the corner of Route 2A and Market Street, at the entrance to the Market Basket anchored, North Quabbin Commons. The Wendy’s ground lease commenced in December 2017 and has 14+ years remaining plus four, 5-year renewal options. The lease calls for a 10% increase in rent every five years and at the start of each option period. The Wendy’s lease is fully guaranteed by Hamra Enterprises.
Taco Bell will be located across the street from the newly constructed Wendy’s. The 25-year Taco Bell ground lease is followed by four, 5-year renewal options and includes 10% rent increases every 5 years and at the start of each option period. The Taco Bell is anticipated to open for business and for rent to commence in mid-January 2019.
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.