September 20, 2019 –Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of The Shopping Center at Home Depot Plaza in Plymouth, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $13,000,000.
The Shopping Center at Home Depot Plaza is located at 21-43 Home Depot Drive in Plymouth and was constructed in 2002. The 100% leased shopping center contains 42,721 square feet of gross leasable area on a 5.505-acre lot. Over 77% of the tenants have been located at the Property since its completion. Several tenants have recently demonstrated their commitment to the location by extending their lease terms including West Marine, AT&T Wireless, The UPS Store and AAA. Additionally, Long Pond Pizza Factory recently expanded their space and extended their lease term through 2028.
The Shopping Center is located less than 0.25 miles from Exit 5 on Route 3, the primary highway connecting Boston with the South Shore and Cape Cod. Vehicle traffic counts along Route 3 at Exit 5 average 132,000 vehicles per day. The Shopping Center is located in a well-established retail trade area.
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.