Triple Net Veteran Team Horvath & Tremblay Trade Maine Retail Plaza for $4.58MsJune 06, 2022
THOMASTON ME — The triple-net Duo Bob Horvath and Todd Tremblay of Horvath & Tremblay completed the sale of Thomaston Commons in Thomaston, Maine. The veteran team exclusively represented the seller and procured the buyer to complete the retail plaza transaction at a sale price of $4,585,000.
Thomaston Commons is located at 11-17 Thomaston Commons Way in Thomaston, Maine. Thomaston Commons is a retail center that consists of an 11,000 square-foot inline strip center on a 2.1-acre corner parcel. The retail plaza is anchored by Aspen Dental and Mattress Firm and is also occupied by Verizon and T-Mobile. Mattress Firm, Aspen Dental, and T-Mobile feature corporate guarantees and all of the leases are double-net and have scheduled rent increases throughout their base terms and at the start of each of their option periods.
According to a release, Thomaston Commons is situated at the signalized intersection of Thomaston Commons Way and New County Road (US Highway 1), the area’s primary commercial and commuter corridor. The Property has outstanding frontage and visibility along US Highway 1, is located at the entrance to a Walmart Supercenter and a Tractor Supply Co, and is across the street from a Lowe’s, McDonald’s, and Applebee’s. Thomaston is located along central Maine’s shoreline and is approximately 1-hour from Portland, Augusta and Bangor, Maine.