February 28, 2023 – Ryan O’Rourke of Horvath & Tremblay has successfully completed the sale of Barker Tavern in Scituate, Massachusetts. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $3,000,000.
Barker Tavern is located at 21 Barker Road in Scituate, Massachusetts. The Property contains a 9,700 square foot building on a large 2.82-acre parcel of land. Barker Tavern has been in operation at this location since 1978 and signed a new 15-year absolute NNN lease at the close of escrow. The lease features 8.5% rent increases every five years throughout the primary term and at the start of each of the four (4), 5-year renewal options. Scituate is situated midway between Boston and Plymouth. It has evolved from a summer colony to a residential community, but has managed to retain some of the flavor of its past. Ocean-related recreational activities make it a very desirable place in which to live and to raise families, and makes it a popular summer destination for visitors and vacationers.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in 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.