March 25, 2019 – Jeremy Black, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Walgreens in Webster, New York. Horvath & Tremblay represented the seller and procured the buyer to close the property at a sale price of $3,100,000.
Walgreens fully occupies the 13,813-square foot property located at 985 Ridge Road in Webster. Walgreens operates under a triple net lease with over 5 years remaining on the lease term followed by four, 5-year option periods. The property benefits from its location along the primary retail corridor with neighboring retailers including: Aldi, Savers, Target, Dicks Sporting Goods, Barnes & Noble, CVS, Staples, TJ Maxx, Old Navy, Pet Saver Superstore, Bath & Body Works, Sally Beauty, Aspen Dental, Starbucks, Panera Bread, Five Guys, Buffalo Wild Wings, KFC, Wendy’s, Burger King and McDonalds.
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.