March 21, 2025 – Bob Horvath, Todd Tremblay and Jack Laurendeau of Horvath & Tremblay have successfully completed the sale of Equinox Square Shopping Center in Manchester Center, Vermont. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $3,125,000.
Equinox Square Shopping Center is located at 365-369 Depot Street in Manchester Center, Vermont. The Property was constructed in 1978 and is improved by three buildings with a total of 17,985 square feet on a large 1.91-acre parcel of land. The Property is 100% leased to an attractive mix of national retailers and service tenants that cater to the needs of the area residents. The Property is anchored by Starbucks and is also home to Jockey, Carter’s, Subway, Body Lab and LX Fitness Club. Three of the tenants (Starbucks, Jockey, and Subway) have net leases and are responsible for reimbursing their pro-rata share of all operating expenses, repairs, and maintenance. LX Fitness is responsible for their pro-rata share of increases in real estate taxes protecting against rising operational costs. Additionally, Four of the six leases call for scheduled rent increases in the primary lease term or at the start of the renewal options, providing an attractive increase in revenue and a hedge against inflation. Equinox Square Shopping Center is well located on Depot Street (VT Route 11), the area’s primary commercial and commuter corridor. The Property is positioned in the heart of Manchester Center and is 0.5-miles from Main Street (VT Route 7A) and is 1-mile from US Highway 7, Western Vermont’s primary north-south thoroughfare. Equinox Square Shopping Center is close to Price Chopper and Shaw’s, the area’s two grocery stores and is surrounded by unique local boutiques, restaurants and cafes, designer outlets, and art and artisan galleries, all of which drive traffic to the immediate 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.