July 7, 2022 – Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Walgreens in Hudson, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete this transaction at a sale price of $2,700,000.
Walgreens is located at 256 Washington Street in Hudson, Massachusetts. The Property was constructed for Walgreens in 2008 and they have 11+ years remaining on an absolute triple-net lease with fifty (50), 1-year renewal options. This location is currently dark; Walgreens will continue to pay rent throughout their lease term. The Property is situated on a highly visible corner parcel at the signalized intersection of Washington Street (MA Route 85) and MA Route 85C/Technology Drive. Washington Street (MA Route 85) is the area’s primary commercial and commuter corridor, and MA Route 85C connects with the junction of Interstates 495 and 290, 1.4-miles west of the Property. The Property enjoys outstanding visibility and frontage and benefits from two points of access. Walgreens shares the four-way intersection with Stop & Shop, 99 Restaurants and the newly constructed Artisan at Hudson, a 149-unit retirement community. The Property further benefits from its proximity to a Walmart Supercenter, Shaw’s and numerous other national retailers drawing traffic to the area.
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.