News:
Brokerage
Posted: August 7, 2018
Black of Horvath & Tremblay represents seller in $1.86 million sale of free-standing Wendy’s
Jamestown, NY Jeremy Black of Horvath & Tremblay completed the sale of a Wendy’s restaurant. Black represented the seller of a free-standing Wendy’s in Jamestown. The sale price was $1.868 million, with a 5.05% cap rate.
Horvath & Tremblay
Wendy’s has been in occupancy and operating at the property since 1999. In 2016, the tenant entered into a new 20-year lease term through March 2036. The absolute triple-net lease has 18+ years remaining with two, five-year tenant renewal options. The property is located on East 2nd St. (State Route 394) which serves as the primary roadway connecting downtown Jamestown with I-86 to the northeast.
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.
Tags:
Brokerage
MORE FROM Brokerage
TF Cornerstone inks Hanover Park lease and PMG Worldwide expansion at 387 Park Ave. South
Manhattan, NY New York City real estate development firm TF Cornerstone (TFC) has completed 100,000 s/f of leasing activity over the past year at 387 Park Ave. South, highlighted by a new lease with Hanover Park and the expansion and extension of PMG Worldwide totaling more than 58,000 s/f.
Quick Hits
 (2).gif)
Columns and Thought Leadership
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
A guide to finding the right NYC property management company - by Sanjay Gandhi
Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
Positive forecast for New York’s pro-housing push? - by Philip Butler
New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
.gif)
September Promotion
