December 14, 2021 – Dan Bernardini, Todd Tremblay and Bob Horvath of Horvath & Tremblay have successfully completed the sale of an Aspen Dental & Verizon in Plymouth, Massachusetts. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $3,215,024.
Aspen Dental & Verizon are located at 106-108 Colony Place in Plymouth, Massachusetts. The build to suit, two-tenant plaza was constructed in 2010 and contains 5,621 square feet. Aspen Dental has 4+ years remaining on their double net lease with two (2), 5-Year renewal options. Verizon has 4+ years remaining on their double net lease. The Aspen Dental Lease calls for 10% rent increases every five years throughout the primary lease and at the start of each renewal option. The Property is well located inside of Colony Place, a 1-million square-foot mixed use development, located near the intersection of Route 3 and Route 44, the regions primary north-south and east-west highways. Additionally, the Property is located seconds from the busy Long Pond Road retail corridor just off MA Route 3, the main commuter highway for Boston’s South Shore residents and the primary highway connecting Boston to Cape Cod.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in 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.