January 9, 2023 – Kyle Danielson and Hill Kanellos of Horvath & Tremblay have completed the sale of CVS Pharmacy in Perry Hall, Maryland. Horvath & Tremblay exclusively represented the buyer in this transaction at a sale price of $6,641,301.
CVS Pharmacy is located at 9820 Bel Air Road in Perry Hall, Maryland. The stand-alone building was constructed in 2010 and contains 13,080 square feet, including a drive through on a 1.646-acre parcel. The corporate lease has 13+ years remaining on an Absolute Triple-Net Lease with an additional ten (10) 5-Year Renewal Options. The property benefits from outstanding visibility and access and is well located at the signalized intersection of Bel Air Road (US Route 1) and Honeygo Boulevard. The property is surrounded by residential neighborhoods and enjoys convenient access to Interstate 95, US Route 40, and MD Routes 7 and 147.
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.