September 1, 2023 – Aaron Huntley, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of KinderCare in Norwell, Massachusetts. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $3,400,000.
KinderCare is located at 380 Washington Street in Norwell, Massachusetts. Constructed in 1998 the stand alone building consists of 9,846 square feet on a 1.43-acre parcel. KinderCare has operated at this location for 11 years, and they recently extended their lease, demonstrating their commitment to the site and the market. KinderCare has nine (9) years remaining on their lease with three, 5-year renewal options. KinderCare has an Absolute NNN Lease with a rent increase in 2028, and at the start of each renewal option. The Property is well positioned along Washington Street (MA Route 53), the area’s primary commercial corridor. The Property is surrounded by national retailers and businesses that drive traffic to the area and is close to Norwell High School and MA Route 3, the south shore’s primary commuter highway. Norwell offers a highly populated, affluent demographic and the location is part of a prominent trade area along Boston’s south shore, offering a robust market comprised of both residents and visitors. KinderCare is well positioned to meet the needs of the area residents and maintains a robust enrollment.
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.