April 18, 2022 – Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Walgreens in Halfmoon, New York. Horvath & Tremblay exclusively represented the seller to complete this transaction at a sale price of $5,000,000.
Walgreens is located at 1476 US Route 9 (Halfmoon Parkway) in Halfmoon, New York. Walgreens has been at the Property since its construction in 2009 and has more than 12 years remaining on an absolute triple-net lease with fifty (50), 1-year renewal options. Walgreens Subleased the premises to Dollar Tree in 2021. The Property is situated on a highly visible parcel at the signalized intersection of US Route 9 (Halfmoon Parkway) the area’s primary commuter and commercial corridor and NY Route 236. Walgreens has outstanding visibility, signage and access, and benefits from the large commuter base traveling along US Route 9 to and from Albany. The Property benefits from outstanding traffic counts with more than 28,800 vehicles passing through the intersection of US Route 9 and NY Route 236 each day. Additionally, the Property is less than 2.5-miles from Clifton Park Center.
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.