June 1, 2020 – Robert Horvath & Todd Tremblay of Horvath & Tremblay have successfully completed the sale of National Tire & Battery in Plymouth, Massachusetts. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $4,935,574, which translates to a 5.5% Cap Rate.
The National Tire & Battery is located at 400 Colony Place Road in Plymouth, Massachusetts. The stand-alone building was constructed in 2008 for National Tire & Battery, and consists of 8,200 square feet on 1.56 acres of land. National Tire & Battery has 13 years remaining on a corporately backed, Triple-Net Lease with two, 5-Year Options. The lease features Cumulative CPI increases every five years throughout both the current term and the option periods. National Tire & Battery is strategically positioned in Colony Place, the largest outdoor shopping center in the region. The property is surrounded by more than 1-million square feet of retail space with national tenants such as Wal*Mart, Dick’s and Michaels, as well as Auto Dealers like Volvo, Chrysler/Dodge, Jeep and others. Furthermore, the property is just seconds from Route 3 and Route 44, the region’s primary highways.
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.