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HORVATH & TREMBLAY SELLS WALGREENS IN EPPING, NH FOR $5.2, A 6.15% CAP RATE

June 28, 2017 – Brian Ahrens, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of the Walgreens in Epping, New Hampshire. Horvath & Tremblay procured the 1031 exchange buyer to close the property at a sale price of $5,203,292, a 6.15% cap rate.

Walgreens fully occupies the 14,955-square foot building located along Main Street. The Property is well situated on a major commercial thoroughfare located across from Epping Crossing Shopping Mall and surrounded by national retailers including Lowe’s, Walmart Supercenter, Starbucks, Applebee’s, and Verizon. Located just down the street is a Market Basket anchored retail center with additional tenants including Marshalls, Ulta, PetSmart, GNC, CVS and Burger King. Walgreens has over 13 remaining on the initial lease term with five, 5-year options to renew. The lease is structured as a triple net with the tenant solely responsible for common area maintenance, taxes and utilities, and roof and structure.

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.