November 17, 2022 – Todd Tremblay and Bob Horvath of Horvath & Tremblay have successfully completed the sale of ConvenientMD in Burlington, Massachusetts. Horvath & Tremblay exclusively represented the seller while Danny Griffin and Eric Suffoletto of SRS Real Estate Partners procured the buyer to complete the transaction at a sale price of $7,370,214.
ConvenientMD is located at 181 Cambridge Street (Route 3A) in Burlington, Massachusetts. The stand-alone building was constructed for ConvenientMD in 2020 and contains 5,044 square feet, on a 0.35-acre lot. ConvenientMD has 18 years remaining on their Absolute NNN Lease, as well as six (6), 5-year renewal options. The lease calls for attractive 10% rent increases every five years throughout the base term and at the start of each renewal option. The property is located within the regional trade area along Route 202 at Interstate 95. ConvenientMD is extremely well located at the signalized intersection of Cambridge Street (MA Route 3A) and Terry Avenue. Cambridge Street is one of the area’s primary commercial and commuter corridors and bisects Interstate 95/MA Route 128 approximately 1.5-miles from the Property. Burlington is a thriving, densely populated suburb of Boston, along the Route 128 Technology Corridor. The Property is situated across the street from a Shaw’s, the area’s primary grocery store, and is centrally located with convenient access for area residents.
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.