June 27, 2018 – Todd Tremblay and Bob Horvath of Horvath & Tremblay has successfully completed the sale of two CVS properties in Tampa and St. Petersburg, Florida. Horvath & Tremblay exclusively represented the seller and procured the buyer to close the properties at a sale price of $10,275,000.
Both CVS properties have over 9 years remaining on the original term of the lease with ten, 5-year renewal options. The leases are structured as triple net with zero landlord responsibilities. The CVS stores are strategically positioned on corner locations at major signalized intersections with exposure to high traffic counts along major retail corridors.
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.