July 6, 2021 – Brian Ahrens and Mark Brockwell of Horvath & Tremblay have successfully completed the sale of CVS Pharmacy in Myrtle Beach, South Carolina. Horvath & Tremblay exclusively represented the buyer in this transaction at a sale price of $5,718,345.
CVS Pharmacy is located at 1308 38th Avenue N in Myrtle Beach, South Carolina. The stand-alone building was constructed for CVS in 2000 and contains 10,880 square feet, including a drive through on a 1.58 acre-lot. CVS recently demonstrated their commitment to this site by extending their lease. CVS has 5+ years remaining on their Absolute NNN Lease with five (5), 5-Year Renewal Options. CVS is located at the signalized intersection of US Highway 17 and 38th Avenue N, and is positioned directly in front of a Food Lion anchored shopping center. CVS features excellent exposure along 38th Avenue N and US Highway 17, the area’s primary commuter and commercial corridor. Additionally, the site includes a drive-thru facility and ample parking. Other national retailers in the area include Food Lion, Lowe’s Target, Sam’s Club, TJ Maxx, Burger King, Wendy’s, McDonald’s, Zaxby’s, Circle K, and many more.
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.