October 21, 2021 – Todd Tremblay, Bob Horvath, Brian Triglione and Brad Canova of Horvath & Tremblay have successfully completed the sale of Napa Auto Parts in Wilmington, Massachusetts. Horvath & Tremblay exclusively represented the seller and sourced the buyer to complete the transaction at a sale price of $977,778.
Napa Auto Parts is located at 4 Middlesex Avenue in Wilmington, Massachusetts. The stand-alone building consists of 9,200 square feet on a 0.21-acre corner parcel of land. NAPA has been operating at the Property since 2008 and has 3+ years remaining on their lease. NAPA recently exercised their 5-year option and took the remaining space in the building (NAPA now occupies 100% of the building), demonstrating their commitment to the location and the market. The NAPA lease calls for scheduled rent increases in January of 2022 and January of 2024, providing the investor with increasing revenue and an attractive hedge against inflation. The Property is located at the intersection of Middlesex Avenue and Main Street (MA Route 38), the primary commercial corridor in Wilmington, Massachusetts. The “main street” location is easily accessible and conveniently located to draw from the surrounding area and commuters accessing the nearby Wilmington Commuter Rail Station, Interstate 93, and Interstate 95.
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.