September 13, 2022 – Bob Horvath, Todd Tremblay and Hobart Hare of Horvath & Tremblay have successfully completed the sale of Walgreens in Leominster, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete this transaction at a sale price of $10,000,000.
Walgreens is located at 35 Central Street in Leominster, Massachusetts. The Property was constructed for Walgreens in 2008 and they have 11+ years remaining on an absolute triple-net lease with fifty (50), 1-year renewal options. The Property is situated on a highly visible parcel adjacent to the intersection of Central Street (MA Route 12) and Lancaster Street, two of the area’s primary commercial and commuter corridors. The Property is located in the heart of downtown Leominster, just 0.1-miles from the intersection of Central Street and Main Street and is surrounded by numerous businesses and municipal buildings. Walgreens benefits from excellent frontage and visibility and sees more than 21,000 vehicles per day at the intersection of Central and Lancaster Streets. The Property also enjoys convenient access to MA Route 2 (1.4-miles) and Interstate 190 (2-miles).
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.