April 13, 2021 – Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of the Belmont Plaza in Brockton, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,285,000.
The Belmont Plaza is located at 776 Belmont Street (MA Route 123) in Brockton, Massachusetts. The Property is a 4,400 square foot three-tenant retail center on a 0.36-acre parcel and was constructed in 2006. The Belmont Plaza is 100% leased by three tenants with strong brand recognition. All three tenants have net leases with scheduled rent increases in either their base term or in their renewal options. The Belmont Plaza is improved by Subway, A-One Dental and Miracle Ear. The plaza is well located along Belmont Street (MA Route 123) and is ¼-mile from Brockton High School and just ½-mile from MA Route 24 (Fall River Expressway). The property is situated on a corner lot and enjoys outstanding frontage and visibility along Belmont Street, with two points of access and is surrounded by national retailers, including the Shaw’s anchored Shaw’s West Side Plaza. The Belmont Plaza further benefits from its close proximity to Stonehill College, less than 2-miles away.
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.