May 2, 2018 – Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Walgreens in Dorchester, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to close the property at a sale price of $3,470,161.
Walgreens fully occupies the 14,446-square foot building located along Washington Street in the Codman Square section of downtown Dorchester. The property is positioned on a corner location at a highly trafficked intersection with direct street frontage and easy access to off-street parking as well as access to public transportation via the MBTA bus stop in front of the property. Additional retailers in the immediate area include McDonald’s, Subway, Citizens Bank, Bank of America, East Boston Savings Bank, KFC, Boost Mobile, MetroPCS and an America’s Food Basket supermarket. Walgreens operates under a double-net lease with three years of term remaining plus eight, 5-year renewal options.
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.