May 22, 2025 – Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of a CVS in Haverhill, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $3,400,000.
CVS is located at 211 Lincoln Avenue in Haverhill, Massachusetts. CVS has 17+ years remaining on their Absolute NNN Ground Lease with five (5), 5-year renewal options. The lease calls for attractive rent increases at the start of each of their renewal options. CVS is a pad site within River’s Edge Plaza, a Market Basket anchored shopping center positioned on the east side of Haverhill. CVS benefits from outstanding visibility, frontage and access along Lincoln Avenue (MA Route 113), the area’s primary commuter corridor. The Property is positioned along the banks of the Merrimack River and is adjacent to Riverside Park and Trinity Stadium, and seconds from Marrianna’s Marina. The Property is surrounded by residential neighborhoods that provide a built-in customer base and is 0.5-miles from Holy Family Hospital. The Property is also just 2.5 miles from Downtown Haverhill.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in 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.