December 17, 2024 – Justin Spillane and Spencer Norton of Horvath & Tremblay have successfully completed the sale of Nouria Gas Station & Convenience Store and Growing Room Preschool in Berlin, Massachusetts. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $8,833,893.
Nouria Gas Station & Convenience Store and Growing Room Preschool are located at 64 and 71 River Road West in Berlin, Massachusetts. Nouria Gas Station & Convenience Store (with Dunkin’) has been at this location since it was constructed in 2011 and has 5+ years remaining on their lease with five (5), 5-year renewal options. Growing Room Preschool has been at this location since it was constructed in 2013 and has 8+ years remaining on their lease with one (1), 5-year renewal option. Both leases call for attractive 10% rent increases at the beginning of each renewal option. The Properties are well located at the intersection (roundabout) of River Road West, South Street and Whitney Road in the south end of Berlin. The Properties enjoy outstanding frontage, visibility, and access and are seconds from Donald Lynch Boulevard, the area’s primary commercial corridor which is home to the Solomon Pond Mall, Target, national and local retailers, corporate offices, and the New England Sports Center/Marlborough Rink. Additionally, the Properties are seconds from Interstate 295 and just 2-miles from Interstate 495.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in 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.