April 21, 2022 – Bob Horvath, Todd Tremblay and Hobart Hare of Horvath & Tremblay have successfully completed the sale of Trucchi’s Supermarket in New Bedford, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete this transaction at a sale price of $4,500,000.
Trucchi’s Supermarket is located at 2935 & 2941 Acushnet Avenue (MA Route 18) in New Bedford, Massachusetts. Constructed in 1960, the 45,675 square foot free-standing building is situated on a 3.84-acre corner parcel of land. Trucchi’s Supermarket has been at this location for 25-years (since 1996) and has 3+ years remaining on their Absolute NNN lease with one (1) 5-year renewal option. The Property is positioned at the signalized intersection of the heavily travelled Acushnet Avenue (MA Route 18), the area’s primary commercial corridor, and Phillips Road. The Property offers two points of entry and egress and excellent visibility and frontage along both Acushnet Avenue and Phillips Road. The Property is strategically positioned in the northern portion of New Bedford, providing convenient access for area residents. Additionally, the Property enjoys close proximity to MA Route 140, which links New Bedford to Taunton to the north and to Interstate 195 to the south.
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.