Horvath & Tremblay sells AutoZone for $1.275 million in Marshfield

Marshfield, MA Todd Tremblay and Bob Horvath of Horvath & Tremblay have completed the sale of an AutoZone. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1.275 million. 

AutoZone is located at 2169 Ocean St. The property consists of an 8,000 s/f building on a 1.86-acre parcel of land. AutoZone constructed the building in 2009 and recently extended its lease demonstrating its commitment to the site and the market. AutoZone has eight years remaining on its Absolute NNN ground lease followed by three, five-year renewal options. The lease features a 10% rental increase in 2029 and at the start of each option period. AutoZone is part of a three-property development located at the signalized intersection of Ocean St. (MA Rte. 139) and Main St. (MA Rte. 3A), the area’s primary commercial and commuter corridors. AutoZone has excellent signage, visibility, and access and is adjacent to Walgreens and Biviano General Contracting. The property is near Webster Square, a Star Market-anchored shopping center in the center of town and is convenient to national and local retailers and area businesses that drive traffic to the area. AutoZone is located between MA Rte. 3 and the East Coast Shoreline (both three miles away) and is close to area schools, apartment communities, and residential neighborhoods, all of which provide a captive customer base. Marshfield is a coastal town in Plymouth County situated along the South Shore about 30 miles southeast of Boston.