November 30, 2021 – Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Walgreens in Worcester, Massachusetts. Horvath & Tremblay procured the buyer to complete this transaction at a sale price of $8,800,000.
Walgreens is located at 472 Lincoln Street in Worcester, Massachusetts. Walgreens has been at the Property since its construction in 2007 and has more than 11+ years remaining on an absolute triple-net lease with fifty (50), 1-year renewal options. The Property is situated on a highly visible corner parcel at the signalized intersection of Lincoln Street and Goldthwaite Road, adjacent to the areas two largest shopping centers anchored by Target, Lowe’s, Stop & Shop, TJ Maxx, Kohl’s, and ALDI. The Property is extremely well located in the heavily trafficked east side of Worcester, just seconds from the junction of Interstates 290 & 190.
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.