March 28, 2018 – Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Not Your Average Joe’s in Dartmouth, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to close the property for a sale price of $2,400,000.
Not Your Average Joe’s has been in occupancy at the Property since 1994. The restaurant is the original Not Your Average Joe’s location and is the 3rd highest grossing location for the company. Demonstrating their commitment to the location, Not Your Average Joe’s has signed a new 15-year lease with the option for (2), 5-year renewal options at the close of escrow. The Property is conveniently located on State Road (Route 6), a heavily trafficked secondary highway running parallel to Interstate-195, the main regional highway connecting New Bedford to the east and Fall River to the west. Approximately 20,794 vehicles pass the Property daily on Route 6. Prominent retailers drawing people to the trade area include Walmart, Target, Stop & Shop, Shaw’s Supermarket, CVS, Lowe’s Home Improvement, The Home Depot, Kohl’s, The Christmas Tree Shop, Dick’s Sporting Goods, Best Buy, Petco, OfficeMax, Bed Bath & Beyond, TJ Maxx, Pier 1 Imports, Dollar Tree, Michael’s, Barnes & Noble as well as mall anchors’ Macy’s, Sears and an 11-Screen AMC Movie Theater.
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.