April 11, 2019 – Todd Tremblay and Bob Horvath of Horvath & Tremblay have successfully completed the sale of CVS in Shawnee, Kansas. Horvath & Tremblay exclusively represented the seller and procured the buyer to close the transaction at a sale price of $3,633,962.
CVS has over 13 years remaining on the base term of the triple net lease with ten, 5-year renewal options. CVS is located along Nieman Road with strong traffic exposure of over 16,781 vehicles per day. The Property is well-located among national retailers in a densely settled area with a population base of over 209,876 within a 5-mile radius.
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.