August 31, 2022 – Aaron Huntley, Bob Horvath & Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Estes Express Lines in Barre, Vermont. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete this transaction at a sale price of $1,100,000.
Estes Express Lines is located at 108 Granger Road in Barre, Vermont. Estes Express Lines has been at this location since 2007 and has 2+ years remaining on their double net lease. The Property is improved with a 7,300 square foot building on 1.94 acres. The building has eighteen (18), dock-level loading bays, one ground level overhead door, and offers ample space to accommodate tractor trailers and an office space. The Property is versatile and would be highly sought after by distribution tenants. The Property benefits from its central location just off VT Route 62, with close and convenient access to US Route 302 and Interstate 89. The Property is also positioned approximately 0.25-miles from the Edward F Knapp State Airport. The Property is strategically positioned in between downtown Montpellier and downtown Barre, both approximately 5-miles away. The Property also offers convenient access to northern Vermont’s other cities including Burlington, St Johnsbury, as well as Lebanon, NH at the confluence of Interstates 89 and 91. The Property is well positioned within the area’s commercial district. The immediate area along Granger Road is home to several industrial/warehouse facilities, and the area’s primary retailers are within also within 1-mile of the Property, including, The Berlin Mall, Walmart Supercenter, Shaw’s, and Kohl’s. Additionally, the Property is less than 1.5-miles from the Central Vermont Medical Center, Vermont Psychiatric Care Hospital, Berlin Health & Rehab Center, and several UVM Health Network facilities.
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.