April 4, 2025 – Bob Horvath, Todd Tremblay and Jack Laurendeau of Horvath & Tremblay have successfully completed the sale of a retail center in Rutland, Vermont. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $3,510,000.
The retail center is located at 474 Holiday Drive in Rutland, Vermont. The retail center consists of an 8,293 square foot building on a 0.86-acre parcel and is 100% occupied by four (4) nationally recognized tenants. The Property is home to Aspen Dental (5+ years), AT&T (1 year), Miracle Ear (3+ years), and Sport Clips (2+ years). All four tenants have exercised renewal options since their initial occupancy, demonstrating their commitment to the site and the market. Each of the tenants have net leases and reimburse their pro-rata share of real estate taxes, insurance and common area maintenance. The Retail Center is positioned along US Route 4, the area’s primary commercial and commuter corridor and enjoys outstanding visibility and frontage. The Property is positioned across the street from a new Walmart Supercenter development and is surrounded by national retailers and restaurants that drive traffic to the area. The Property is convenient to the Rutland Regional Medical Center, Vermont State Fairgrounds, Rutland Southern Vermont Regional Airport, the Rutland Train Station, and area schools.
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.