April 12, 2021 – Matt Nadler of Horvath & Tremblay has successfully completed the sale of Starbucks in Plymouth, Massachusetts. Horvath & Tremblay exclusively represented the buyer in this transaction at a sale price of $2,029,000.
Starbucks is located at 100 Colony Place in Plymouth, Massachusetts. This is a newer construction stand-alone building, which contains 1,800 square feet of leasable space, a drive-thru, and outdoor patio space on a 0.89-acre lot. Starbucks currently has 6+ years remaining on their initial 10-year term with four, 5-year renewal options remaining. The lease features a 10% rental increase in the fifth year and at the start of each option period. Starbucks enjoys outstanding visibility, frontage, and access inside of Colony Place, a 1 million square foot mixed-use development. Colony Place is strategically positioned in the heart of the Plymouth’s primary retail corridor. The property is surrounded by national retailers, large apartment complexes, and numerous car dealerships. Additionally, Starbucks is just seconds from the intersection of Route 3 and Route 44, the region’s primary north-south and east-west 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.