December 28, 2021 – Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of CVS in Abbeville, Louisiana. Horvath & Tremblay exclusively represented the seller to complete this transaction at a sale price of $4,655,370.
CVS is located at 1100 Veterans Memorial Drive in Abbeville, Louisiana. CVS has been at the Property since its construction in 2012 and has more than 16 years remaining on an absolute triple-net lease with ten (10), 5-year renewal options. The Property is situated on a highly visible corner parcel at the signalized intersection of Veterans Memorial Drive (LA Route 14) and N Lyman Street, less than 1-mile from US Route 167, which connects Abbeville with Lafayette. CVS enjoys an excellent location along the town’s primary commercial and commuter corridor and is within 2-miles of two area high schools (Abbeville High School and Vermilion Catholic High School), the town’s municipal offices and the area’s only Walmart Supercenter. Additionally, more than 23,700 vehicles pass the property daily at the intersection of Veterans Memorial Drive (LA Route 14) and N Lyman Street.
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.