April 17, 2023 – Bob Horvath, Todd Tremblay, Steven Schiavello and Patrick Gray of Horvath & Tremblay have successfully completed the sale of CVS in Bellefontaine, Ohio. Horvath & Tremblay exclusively represented the seller to complete this transaction at a sale price of $2,590,000.
CVS is located at 143 East Sandusky Avenue in Bellefontaine, Ohio. CVS has been at the Property since its construction in 2002 and has demonstrated their commitment to the site and the market by extending their lease through November 2041. CVS has 18+ years of term remaining on their primary lease term with ten (10), 5-year renewal options. The lease features rare 5.0% rent increases at the beginning of each option period. The Property is situated on a highly visible corner parcel at the signalized intersection of East Sandusky Avenue and North Mad River Street, just over a mile from US Route 33. US Route 33 is the area’s primary commuter corridor and connects Bellefontaine with Columbus, OH to the southeast and Fort Wayne, IN to the northeast. CVS enjoys an excellent location in downtown Bellefontaine and is seconds from the town’s municipal offices, a plethora of national and local retailers, businesses, entertainment, and amenities.
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.