November 30, 2021 – Bob Horvath, Todd Tremblay, and Hobart Hare of Horvath & Tremblay have successfully completed the sale of CVS Pharmacy in Granby, Massachusetts. Horvath & Tremblay exclusively represented the seller in this transaction at a sale price of $11,000,000.
CVS Pharmacy is located at 67 Central Street in Foxborough, Massachusetts. Built in 2007, CVS has more than 11-years remaining on their double net lease with a five (5), 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 highly visible corner parcel at the intersection of Central Street and Howard Avenue, less than 2-blocks from the town green. CVS enjoys an excellent downtown location and is within 1-mile of the town’s municipal offices and the town’s elementary, middle, and high schools. Additionally, the Property is 2.5-miles from Interstate 95, and 3.5-miles from Patriot Place, a 1.3 million square foot lifestyle center that contains numerous retailers, restaurants, office space, and entertainment venues, and Gillette Stadium, home of the New England Patriots.
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.