July 1, 2022 – Bob Horvath, Todd Tremblay and Brian Ahrens of Horvath & Tremblay have successfully completed the sale of Starbucks in Easton, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer in this transaction at a sale price of $2,300,000.
Starbucks is located at 33 Robert Drive in Easton, Massachusetts. This is a new construction stand-alone building, which contains 2,500 square feet of leasable space, a drive-thru, and outdoor patio space on a 0.98-acre lot. Starbucks executed a 10-year lease with four (4), 5-year renewal options. The lease features a 5.2% rent increase in the first renewal option and 10% rental increases at the start of the 2nd, 3rd, and 4th renewal options. Starbucks is well-located along Robert Drive and is positioned in between a Target and the Highlands Plaza, a Big-Y and TJ Maxx anchored shopping center. The Property is also just seconds from Avalon Easton, a newer, upscale residential community located at the end of Robert Road. The Property sits adjacent to the signalized intersection of Eastman Street (MA Route 106), Foundry Street (MA Route 123) and Robert Drive. MA Routes 106 and 123 connect the Property with Interstates 495 and 95 to the south and west and the Fall River Expressway (MA Route 24) to the east.
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.