September 13, 2022 – Bob Horvath, Todd Tremblay and Jack Laurendeau of Horvath & Tremblay have successfully completed the sale of TD Bank in Sudbury, Massachusetts. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $5,133,000.
TD Bank is located at 407 Boston Post Road in Sudbury, Massachusetts. The stand-alone building contains 3,800 square feet, including dedicated drive through lanes on a 1.04-acre lot. The Property was constructed for TD Bank in 2012 and they have 10+ years remaining on their Absolute NNN Ground Lease with four (4), 5-year renewal options. The lease features 10% rent increases every five years throughout the base term and at the start of each renewal option. The Property is exceptionally well located at the intersection of Boston Post Road (US Route 20), the area’s primary commercial and commuter corridor, and Raymond Road. The Property benefits from outstanding frontage and visibility along US Route 20 and offers two points of access, a double drive-thru and a drive-up ATM. TD Bank is located in the center of Sudbury’s commercial area and is surrounded by grocers, retailers and restaurants that drive traffic to the immediate area. The Property is easily accessible from Interstate 90 (Massachusetts Turnpike) and is only 20-miles west of Boston.
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.