September 17, 2019 – Jeremy Black of Horvath & Tremblay has successfully completed the sale of Walgreens in Liverpool, New York. Horvath & Tremblay procured the buyer to complete this transaction at a sale price of $4,070,000.
Walgreens is located at 7398 Oswego Road in Liverpool, New York (Syracuse MSA). The stand-alone building contains 10,908 square feet, including a drive through on a 2.55-acre lot. Walgreens recently extended their lease and has approximately 9 years remaining on a double lease, as well as four, 5-year renewal options. This location has a long and successful operating history as a drug store since 1998, with strong store sales and a low rent-to-sales ratio.
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.