August 15, 2018 – Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Walgreens in Westford, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to close the transaction at a sale price of $5,750,000.
Walgreens fully occupies a 14,820-square foot building located at 145 Littleton Road in Westford. Walgreens has 13+ years remaining on the initial lease term with ten, 5-year renewal options. The Property is located on a primary retail corridor at Exit 32 on I-495, approximately 25 miles northwest of Boston, near the Chelmsford town line. Littleton Road (Route 110) provides access to I-495 for area residents and corporate employees in the adjacent, 975,000 square foot, 92-acre, Westford Technology Park. The ten building campus includes a Hampton Inn hotel and is home to Sonus Networks, Juniper Networks, Akamai Technologies, Johnson Controls, Aspect Software, UTC Aerospace, Nvidea, Sentry Insurance, Sanborn Head and the Emerson Health Center. Additional national retailers in the immediate area serving passing commuters, area residents and local corporate employees include: Whole Foods, Market Basket, CVS, Rite Aid, Marshalls, Home Goods, Petco, Burton’s Grill, Panera Bread, Chipotle, Five Guys, Subway, D’Angelo’s. Chili’s, British Beer Company, McDonald’s and Dunkin’ Donuts.
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.