Horvath & Tremblay sells three retail properties for $8.076 million

Canaan, ME Horvath & Tremblay has completed the sale of three retail properties in New England for a total of $8.076 million.

Bob Horvath and Todd Tremblay of Horvath & Tremblay have completed the sale of a Dollar General in Canaan, ME. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1.75 million. Dollar General is located at 39 Main St. (US Rte. 2). The build-to-suit property was constructed for Dollar General in 2025 and features a new, 15-year lease followed by four, 5-year renewal options. The double net lease includes attractive five percent rent increases every five years throughout the primary lease term and at the start of each renewal option. The property is located at the intersection of Oak Pond Rd. and Main St. (US Rte. 2), the area’s primary commercial and commuter corridor. Dollar General benefits from visibility and frontage and is the main shopping destination in town. The property is one mile from ME Rte. 23 and is positioned between Showhegan and Pittsfield, which offer retail and dining amenities, schools, employment opportunities and hospitals. Additionally, Dollar General is 40 miles from Augusta and 45 miles from Bangor. 

Ryan O’Rourke and Jake Mabardy of Horvath & Tremblay have facilitated the sale of an Everbrook Academy in Wellesley, Massachusetts. Horvath & Tremblay procured the buyer to complete the transaction at a sale price of $4.066 million. Everbrook Academy is located at 28 Abbott Rd. in Wellesley, Mass. The property consists of a 4,337 s/f building on a 0.78-acre parcel of land. Everbrook Academy started a brand-new, 15-year absolute NNN lease in 2021, followed by three, 5-year renewal options. There are 11 years of term remaining on the lease, which includes attractive 7.5% rent increases every five years through the primary lease term and at the start of each renewal option. The property is situated off Washington St. and Worcester St., Wellesley’s primary commercial and commuter corridor. The Property is surrounded by national retailers and businesses that drive traffic, and the area features many elementary schools that provide a consistent student population for Everbrook Academy. Wellesley offers a highly populated, affluent demographic that offers a market comprised of both residents and visitors. Everbrook Academy is well positioned to meet the needs of the area residents and maintains a robust enrollment.

Horvath & Tremblay’s Justin Spillane has completed the sale of a Golden Nozzle Car Wash in Leominster, Mass. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $2.26 million. The new construction building is located at 468 Main St. in Leominster, Mass. Golden Nozzle signed a new, 20-year ground lease that has over 19.5 years of term remaining followed by four, 5-year renewal options. The ground lease is absolute NNN with zero landlord responsibilities and calls for attractive 10% rent increases every five years throughout the primary lease term and the renewal options. The property is located along Main St. at the signalized intersection serving as the entry and exit point to MA Rte. 2. The large, 3.12-acre lot offers visibility and access at the intersection with ample space for vehicles. The benefits from proximity to a mix of national and local retailers, service businesses, and established residential neighborhoods that drive consistent traffic to the area. Golden Nozzle Car Wash is less than a mile from the Mall at Whitney Field, a dominant regional shopping destination, and is minutes from downtown with access to Rte. 2, providing connectivity to the regional market.