December 3, 2020 – Brian Ahrens of Horvath & Tremblay has successfully completed the sale of 7-Eleven in Franklin, Massachusetts. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $2,086,643.
7-Eleven is located at 533 W Central Street in Franklin, MA. The stand-alone building was constructed in 1999 for 7-Eleven and consists of 2,612 square feet on 0.76 acres of land. 7-Eleven has 6+ years remaining on their corporately backed, Absolute NNN Ground Lease with three, 5-Year Options. The lease features 10% rent increases at the start of each of the option periods. 7-Eleven is strategically positioned along W Central Street, with excellent visibility and two points of access along a dense retail corridor with average traffic counts of more than 30,000 vehicles per day. The property is located less than ½-mile from Interstate 495, two large area high schools and the Franklin Village Plaza which is anchored by Stop & Shop.
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.