Horvath & Tremblay arranges $9.9 Million in retail sales
Danielson, Nadler, Smith and Kanellos close deals
MARYLAND & VIRGINIA — Horvath & Tremblay has completed the sale of three retail properties in the Mid-Atlantic for a total of $9.905 million.
Kyle Danielson, Matt Nadler, Austin Smith and Hill Kanellos completed the $5.15 million sale of a Dash In at 429 Solomons Island Rd. in Prince Frederick, MD. Horvath & Tremblay exclusively represented the seller and sourced the buyer.
The newly constructed fuel station and convenience store is subject to a 20-year absolute NNN ground lease with four five-year renewal options and 2% annual rent increases throughout the primary term and options.
The property is located within Armory Square, Prince Frederick’s newest retail development along Solomons Island Rd., the area’s primary north-south commercial corridor. It benefits from frontage, visibility and access at a signalized intersection, as well as proximity to CalvertHealth Medical Center and surrounding retail.
Danielson and Nadler also facilitated the $2.68 million sale of a Starbucks at 13241 Rivers Bend Blvd. in Chester, VA. Horvath & Tremblay exclusively represented the seller and sourced the buyer.
The property was renovated for Starbucks in 2025, and the tenant recently commenced a new 10-year lease with six five-year renewal options. The lease includes 10% rent increases every five years throughout the initial term and renewal periods.
Starbucks is positioned along East Hundred Rd. adjacent to Rivers Bend Blvd. and serves as an outparcel to a Food Lion-anchored shopping center. The property also provides access to I-295, I-95 and U.S. Rte. 1.
Danielson and Kanellos completed the $2.075 million sale of a Popeyes at 520 Compass Point Plaza SE in Leesburg, VA. Horvath & Tremblay represented the buyer.
The property consists of a 2,500 s/f drive-thru restaurant on 0.73 acres. Popeyes has 16 years remaining on its absolute NNN ground lease with two five-year renewal options and 10% rent increases every five years.
The property is located within Compass Creek near the intersection of Compass Creek Pkwy. SE and Battlefield Pkwy. SE, with access to VA Hwy. 267. Nearby retailers include Walmart Supercenter, At Home, Buffalo Wild Wings, Starbucks, Chipotle and Valvoline.
Horvath & Tremblay specializes in the sale of single-tenant net-lease assets and retail shopping centers, including sale-leasebacks, portfolio dispositions and 1031 exchanges.
