August 19, 2021 – Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Mink Square, a multi-tenant retail center in Seekonk, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,660,000.
Mink Square is a multi-tenant retail center located at 68-72 Mink Street in Seekonk, Massachusetts. The Property is a two-building retail center that contains 10,025 square feet on a 1.47-acre parcel. Mink Square is 100% leased to nine tenants. The majority of the tenants have scheduled rent increases in their primary lease terms. The retail center is improved by a complimentary mix of local tenants offering products and services for the surrounding community. The retail center is situated along Mink Street and is ¼-mile from Fall River Avenue (US Route 6), the areas primary retail corridor. Mink square is also just ½-mile from Interstate 195. The property enjoys outstanding frontage and visibility along Mink Street and is surrounded by national retailers, including the Walmart, Target, Stop & Shop, BJ’s, Lowe’s Home Depot and Kohl’s. Seekonk is bordered to the west by the densely populated city of East Providence and is 7-miles from downtown Providence, RI. Mink Square benefits from strong area demographics with more than 167,500 people living within 5-miles of the Property.
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.