May 9, 2024 – Chris King and Matt Nadler of Horvath & Tremblay have successfully completed the sale of Advance Financial in Portland, Tennessee. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $375,000.
Advance Financial is located at 712 S Broadway in Portland, Tennessee. Advance Financial has been at this location since 2017 and has 3+ years remaining on their lease with two (2), 5-year renewal options. 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 along S Broadway (TN Route 109), the area’s primary commercial and commuter corridor and is 0.7-miles from TN Route 52. The Property enjoys outstanding visibility, frontage and signage and is within 1-mile of numerous national retailers and restaurants including Food Lion, the area’s primary grocery store, all of which drive traffic to the area.
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.