August 10, 2018 – Kyle Danielson of Horvath & Tremblay has successfully completed the sale of CVS in Cumberland, Maryland. Horvath & Tremblay exclusively represented the seller and procured the buyer to close the transaction at a sale price of $545,000.
CVS is situated in an inline retail location in the Downtown Historic District of Cumberland along Baltimore Street, formerly the main thoroughfare through the city and now an attractive brick pedestrian mall. Baltimore Street is lined with large, multi-story, commercial buildings that now contain tourist-oriented businesses such as sidewalk cafes, restaurants, antique stores, boutiques and art galleries. This is a well-established CVS pharmacy having operated at this site since 1985. There are 2 years of term remaining on the double net lease.
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.