May 25, 2022 – Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Thomaston Commons in Thomaston, Maine. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $4,585,000.
Thomaston Commons is located at 11-17 Thomaston Commons Way in Thomaston, Maine. Thomaston Commons is a retail center that consists of a 11,000 square foot inline strip center on a 2.1-acre corner parcel. The retail plaza is anchored by Aspen Dental and Mattress Firm and is also occupied by Verizon and T-Mobile. Mattress Firm, Aspen Dental and T-Mobile feature corporate guarantees and all of the leases are double-net and have scheduled rent increases throughout their base terms and at the start of each of their option periods. Thomaston Commons is situated at the signalized intersection of Thomaston Commons Way and New County Road (US Highway 1), the area’s primary commercial and commuter corridor. The Property enjoys outstanding frontage and visibility along US Highway 1, is located at the entrance to a Walmart Supercenter and a Tractor Supply Co, and is across the street from a Lowe’s, McDonald’s, and Applebee’s. Thomaston is located along central Maine’s shoreline and is approximately 1-hour from Portland, Augusta and Bangor, Maine.
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.