May 5, 2021 – Bob Horvath and Luke Thomson of Horvath & Tremblay have successfully completed the sale of Walgreens in Lee, New Hampshire. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $6,864,407.
Walgreens is located at 91 Calef Highway (State Route 125) in Lee, New Hampshire. The stand-alone building contains 14,480 square feet, including a drive through on a 4.42-acre lot. Built in 2009, the Walgreens’ lease is absolute NNN with no landlord responsibilities and has 15+ years of term remaining followed by one-year renewal options through October 2084. The lease is fully guaranteed by Walgreens Eastern Company, a wholly owned subsidiary of Walgreens Boots Alliance, Inc. The Property is strategically located in a retail trade area adjacent to the Lee Traffic Circle, where the north-south Calef Highway intersects with east-west Route 4. Over 46,000 vehicles per day pass the Property at the Lee Traffic Circle, and the University of New Hampshire is located 3.5 miles to the east of the Property on Route 4.
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.