March 21, 2024 – Brendan Conway of Horvath & Tremblay has successfully completed the sale of Walgreens in Southborough, Massachusetts. Horvath & Tremblay represented the buyer to complete this transaction at a sale price of $6,291,000.
Walgreens is located at 78 Turnpike Road in Southborough, Massachusetts. The stand-alone building contains 13,860 square feet, including a drive through on a 1.87-acre corner lot. Walgreens has been at this location since its construction in 2008 and has 8+ years remaining on a their Triple Net Lease, as well as fifty (50) 1-year renewal options. The Property is well located at the intersection of Oak Hill Road and Turnpike Road (MA Route 9), the area’s primary commercial and commuter corridor. Walgreens enjoys convenient access to MA Routes 30 and 85 as well as Interstates 90 (Massachusetts Turnpike) and 495. The Property is 5.5 miles from Downtown Framingham and 25-miles from Boston’s Central Business District.
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.