January 15, 2021 – Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of a United States Post Office in North Truro, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,438,000.
The United States Post Office (USPS) occupies the entire building of a two-building retail condominium located at 1 Highland Road in North Truro, Massachusetts. Constructed in 2010, The United States Post Office has operated at this location for 10 years, and their double net lease runs through May of 2030. The lease has two, 5-year renewal options, each with a scheduled rent increase. The Property is located on Highland Road in between US Route 6 and Shore Road (Route 6A), in North Truro’s historic district. US Route 6 is Cape Cod’s primary commuter highway, connecting Provincetown at the northernmost tip of the Cape with mainland Massachusetts at the Sagamore Bridge in Sandwich, MA. North Truro does not provide home mail delivery services. Residents are provided a free Post Office box and must visit this location to send and receive mail via the USPS.
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.