February 15, 2022 – Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Bourne Bridge Crossing in Bourne, Massachusetts.  Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $5,950,000.

Bourne Bridge Crossing is located at 2 Bridge Approach Street in Bourne, Massachusetts.  Bourne Bridge Crossing is a retail center that consists of a 23,968 square foot inline strip center on a 3.03-acre corner parcel leased to PetSmart (Corporate Lease), Starbucks (Corporate Lease), Domino’s Pizza (Franchisee) and a 1,990 square foot vacant suite. PetSmart has 5+ years remaining on their lease with two (2), 5-year renewal options, Starbucks has 6+ years remaining on their lease with two (2), 5-year renewal options, and Domino’s just signed a 5-year lease with one (1), 5-year renewal option.  The PetSmart lease features scheduled 10% rent increases every five years and at the start of each renewal option. PetSmart’s next increase is on August 1, 2022. The Starbucks lease features 12.5% rent increases every five years throughout their base term and at the start of each renewal option. The Domino’s lease features annual 3% rent increases throughout the base term and renewal option. Bourne Bridge Crossing is exceptionally well located along the Bourne Rotary North, the intersection of Main Street (US Route 6/MA Route 28) and Blue Star Memorial Highway (MA Routes 25).  The area and specifically the Rotary has been dubbed the “Gateway to Cape Cod” as residents and visitors heading to Cape Cod have to traverse the rotary to access either the Bourne Bridge or the Sagamore Bridge, the only two connections to Cape Cod. The Property is situated adjacent to the rotary and benefits from excellent visibility and frontage that has been maximized by the building’s positioning on the site.

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.