May 22, 2023 – Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Walgreens (Leasehold Interest) in Marlborough, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete this transaction at a sale price of $2,774,194.
Walgreens is located at 525 Boston Post Road E in Marlborough, Massachusetts. Walgreens has been at the Property since its construction in 2005, and recently extended their primary lease term demonstrating their commitment to the site and the market. Walgreens has more than 13 years remaining on an absolute triple-net lease with six (6), 5-year renewal options. The Walgreens lease runs coterminous with the ground lease and is structured so Walgreens pays both their primary leasehold rent and the associated ground rent direct to the respective landlords. The Property is situated on a highly visible corner parcel at the signalized intersection of Farm Road and Boston Post Road E (US Route 20), the area’s primary commercial corridor. Walgreens benefits from outstanding visibility and frontage with two points of access and is seconds from Target and Home Depot. The Property is well positioned within Marlborough and is surrounded by national retailers driving traffic to the area. The Property also enjoys convenient access to Interstate 495.
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.