March 21, 2024 – Chris King and Matt Nadler of Horvath & Tremblay have successfully completed the sale of Advance Financial in Manchester, Tennessee. Horvath & Tremblay exclusively represented the seller to complete this transaction at a sale price of $500,000.
Advance Financial is located at 1401 Hillsboro Boulevard in Manchester, Tennessee. Advance Financial has been at this location since 2014 and recently extended their lease, demonstrating their commitment to the site and the market. Advance Financial has 3+ years remaining on their lease with one (1), 5-year renewal option. The lease features attractive 2% annual rent increases throughout the primary term and the renewal option. Advance Financial has an Absolute NNN Lease and is responsible for all operating expenses (real estate taxes, insurance, and common area maintenance) as well as repairs and replacements. Advance Financial is ideally situated Hillsboro Boulevard (US Highway 41), the area’s primary commercial and commuter corridor and is 1.5-miles from Interstate 24. The Property enjoys outstanding visibility, frontage and signage and is 0.5-miles from a Food Lion and 2-miles from a Walmart Supercenter. The Property is surrounded by national retailers and restaurants that drive traffic to the area, and densely populated residential neighborhoods, and area schools that provide a built-in customer base.
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.