September 7, 2023 – Bob Horvath, Todd Tremblay and Brad Canova of Horvath & Tremblay have successfully completed the sale of a new construction Big Y World Class Markets in Uxbridge, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $5,602,714, and a Cap Rate of 5.8%.
The new construction Big-Y World Class Markets is located at 242 South Main Street in Uxbridge, Massachusetts. Big-Y is one of the largest independently owned supermarket chains in New England, and they have a new 22-year Absolute NNN Ground Lease with five (5), 5-year renewal options. The lease calls for attractive 10% rent increases every 5-years throughout the base term and at the start of each renewal option. The building is currently under construction. The new construction Big Y is situated adjacent to the intersection of South Main Street (MA Route 122) and Quaker Highway (MA Route 146A) and is located 1-mile from the Uxbridge High School, and 1.5-miles from the Worcester-Providence Turnpike (MA Route 146). The Property is 1-mile from the center of Uxbridge and benefits from its location along South Main Street (MA route 122) the town’s primary commercial and commuter corridor.
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.