August 7, 2025 – Chris King and Kyle Danielson of Horvath & Tremblay have successfully completed the sale of a two-tenant retail center leased to Aspen Dental & Five Guys in Goldsboro, North Carolina. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $4,202,864.
The two tenant strip center is located at 602-604 N Berkeley Boulevard in Goldsboro, North Carolina. The build to suit, two-tenant plaza is improved with Aspen Dental & Five Guys and contains 5,894 square feet. Aspen Dental has 10+ years remaining on their Double Net (NN) Lease with three (3), 5-year renewal options. Five Guys has 10+ years remaining on their Double Net (NN) Lease with three (3), 5-year renewal options. Both leases feature attractive 10% rent increases throughout the primary lease and at the start of each renewal option. The new construction Property is extremely well located along Berkeley Boulevard, the area’s primary commercial corridor. The Property is positioned in the heart of a large commercial cluster centered at the junction of US Route 13 and US Highway 70. Aspen Dental and Five Guys are surrounded by national and local retailers and restaurants and across the street from the 458,000 SF Berkeley Mall, all of which drive traffic to the area and provide a built-in customer base. The Property offers convenient access to US Highway 70, US Routes 13 and 117, and Interstates 42 and 795, as well as to UNC Health Wayne (Hospital and Medical Center), area schools, and Seymour Johnson Air Force Base, the area’s largest employer.
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.