67 Central Street - Foxborough, MA.
News: Retail
Posted: December 17, 2021
Horvath & Tremblay sells three pharmacy locations for $26.69 million - including the $11 million sale of CVS Pharmacy in Foxborough, MA
67 Central Street - Foxborough, MA.
615 Daniel Webster Hwy. - Merrimack, N.H.
472 Lincoln Street - Worcester, MA.
Foxborough, MA Horvath & Tremblay has completed the sale of three pharmacy occupied properties in New England for a total of $26,693,617.
Bob Horvath, Todd Tremblay, and Hobart Hare of Horvath & Tremblay completed the sale of CVS Pharmacy in Foxborough. Horvath & Tremblay exclusively represented the seller in this transaction at a sale price of $11 million. CVS Pharmacy is located at 67 Central St. Built in 2007, CVS has more than 11-years remaining on their double-net lease with five, 5-year renewal options. The CVS lease calls for rare 2% increases every 5-years throughout the base term and 6% increases at the start of each of their renewal options. The property is situated on a corner parcel at the intersection of Central St. and Howard Ave., less than two-blocks from the town green.
Horvath completed the sale of Walgreens in Merrimack, N.H. Horvath & Tremblay procured the buyer to complete this transaction at a sale price of $6,893,617. Walgreens is located at 615 Daniel Webster Hwy. (Rte. 3). Walgreens has been at the property since its construction in 2007 and has more than 11+ years remaining on an absolute triple-net lease with 10, five-year renewal options. The property is situated on a corner parcel at the signalized intersection of Daniel Webster Hwy. and Bedford Rd.
Horvath and Tremblay facilitated the sale of Walgreens in Worcester, Mass. Horvath & Tremblay procured the buyer to complete this transaction at a sale price of $8.8 million. Walgreens is located at 472 Lincoln St. Walgreens has been at the property since its construction in 2007 and has more than 11+ years remaining on an absolute triple-net lease with 50, one-year renewal options. The property is situated on a corner parcel at the signalized intersection of Lincoln St. and Goldthwaite Rd., adjacent to the areas two largest shopping centers anchored by Target, Lowe’s, Stop & Shop, TJ Maxx, Kohl’s, and ALDI. The property is located in the east side of Worcester, near the junction of I-290 and 190.
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