February 1, 2024 – Brian Ahrens, Todd Tremblay and Bob Horvath of Horvath & Tremblay have successfully completed the sale of a Cape Cod Healthcare in Hyannis, Massachusetts. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $4,477,611.
Cape Cod Healthcare is located at 43-53 Lewis Bay Road in Hyannis, Massachusetts. The mixed-use investment property is 100% leased to Cape Cod Healthcare and is comprised of three buildings with a total of 11,147 square feet of rentable space on 0.9-acres of land. The Property consists of medical office space and six residential units. Cape Cod Healthcare has 4+ years remaining on their lease double net lease with two (2), 2-year renewal options. Their lease calls for attractive 3% annual rent increases throughout the primary term and renewal options. Cape Cod Healthcare is the leading provider of healthcare services for residents and visitors of Cape Cod. With more than 450 physicians, 5,300 employees and 790 volunteers. The Property is strategically located across the street from Cape Cod Hospital’s primary campus and is extremely well-positioned in the heart of downtown Hyannis. The Property is within walking distance from Downtown Hyannis, Hyannis Harbor, and the Martha’s Vineyard and Nantucket ferries. Downtown Hyannis offers a number of national and local tenants, and “Main Street” retail. Furthermore, the property is down the road from the Barnstable County airport and shopping centers such as the Cape Cod Mall, which is home to over 80 stores. Major national tenants in the area include Home Depot, Hobby Lobby, HomeGoods, Dollar Tree, Whole Foods, Stop & Shop, McDonald’s, Chick-Fil-A, and Wendy’s.
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.