November 9, 2023 – Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of 751-757 Fall River Avenue, a multi-tenant retail center in Seekonk, Massachusetts. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,745,000.
The multi-tenant retail center located at 751-757 Fall River Avenue in Seekonk, Massachusetts. The Property is a two-building retail plaza that contains 7,850 square feet on a 1.33-acre parcel. The Property is 100% leased to seven tenants. A majority of the tenants at 751-757 Fall River Avenue have scheduled rent increases in their primary lease term providing a steady increase in income and an attractive hedge against inflation. The retail plaza is improved by a complimentary mix of local tenants offering products and services for the surrounding community. The retail plaza is situated along Fall River Avenue and is 0.7-miles from US Route 6, the area’s primary retail corridor. 751-757 Fall River Avenue is also just 0.3-miles from Interstate 195. The property enjoys outstanding frontage and visibility along Fall River Avenue and is surrounded by national retailers, including Walmart, Target, Stop & Shop, BJ’s. Lowe’s Home Depot and Kohl’s. Seekonk is bordered to the west by the densely populated city of East Providence and is 7-miles from downtown Providence, RI.
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.