March 27, 2025 – Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Global Partners (Mobil) in Wrentham, Massachusetts. Horvath & Tremblay exclusively represented the seller and sourced the buyer to complete the transaction at a sale price of $2,275,000.
Global Partners (Mobil) is located at 1001 South Street in Wrentham, Massachusetts. Global Partners LP acquired the location from Mobil in 2010 and recently demonstrated their commitment to the site by executing a new lease extension in 2022. The Property consists of 12 Mobil-branded fueling stations with an Alltown convenience store in a 3,168 square foot freestanding building on a 2-acre lot. Global Partners LP has 8+ years remaining on an Absolute NNN Ground Lease with two, 5-year renewal options. The lease features an attractive 10% rental increase in 2028 and at the start of each renewal option. The Property is strategically located at the signalized intersection of South Street and Outlet Boulevard, directly across the street from the Wrentham Village Premium Outlets. The Property enjoys outstanding visibility, signage, and frontage with a dedicated traffic light at the intersection. The Property is the only gas station directly serving the Wrentham Village Outlets and is less than 1,000 feet from the Interstate 495 off-ramp. The Wrentham Village Premium Outlets is New England’s largest outlet mall with 170+ stores and draws thousands of visitors from across the northeast
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.