November 1, 2021 – Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of the Friendly’s Plaza in Plymouth, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $2,425,000.
The Friendly’s Plaza is located at 47-53 Long Pond Road in Plymouth, Massachusetts. The 7,900 square foot, multi-tenant, retail plaza was constructed in 2006 and is set on a 1.2-acre parcel along a busy retail corridor at Exit 5 on Route 3 in Boston’s south shore. This is a well-established Friendly’s location that has been at the Property since its construction. The Plaza is100% occupied and is further improved by an H&R Block, Plymouth Orthodontic, and Rock Solid Kitchen & Bath. The Friendly’s Plaza is well-located on a highly visible site only 0.25 miles from Exit 5 on Route 3, the primary commuter highway connecting Boston with the South Shore and Cape Cod. Vehicle traffic counts along Route 3 at Exit 5 average 125,000 vehicles per day. Immediately adjacent to the Property is a Home Depot, Hilton Garden Inn and a retail plaza featuring Wendy’s, Health Express Urgent Care and TD Ameritrade. Plymouth is a burgeoning town of 60,000 residents on the South Shore of Massachusetts, approximately 40 miles south of Boston. One of the largest towns in Massachusetts, Plymouth has experienced rapid growth over the last twenty years and now boasts direct commuter rail service to Boston, several large shopping center developments, new office and industrial parks and ten golf courses. The region is expected to continue to grow its population and jobs faster than any other area in Greater Boston.
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.