PLYMOUTH MA — The retail landscape in America’s Hometown continues to see significant investment activity with the recent sale of Pilgrim Hill Marketplace.
Bob Horvath, Todd Tremblay, and Aaron Huntley of Horvath & Tremblay exclusively represented the seller and secured the buyer for the $8,600,000 transaction. The sale highlights the ongoing demand for stabilized, net-leased assets within the South Shore’s primary commercial corridors.
Fully Leased and Anchor-Heavy
Located at 2-8 Pilgrim Hill Road, the 19,611-square-foot plaza sits on a 2.15-acre corner lot at the bustling intersection of Pilgrim Hill Road and Samoset Street. The property is currently 100% leased to a diverse mix of tenants, anchored by a long-term CVS Pharmacy.
The tenant roster reflects a balance of national essential services and local favorites:
- CVS: A fixture at this location since 1998, the pharmacy recently extended its lease by five years, leaving over eight years of corporate-backed term remaining.
- O’Reilly Auto Parts: Recently committed to the site with a new 15-year lease.
- Family Pizza: A local staple with more than a decade remaining on its current lease agreement.
Strategic Location & Market Strength
The marketplace is positioned just 0.4 miles from Route 3 (Exit 15), the vital artery connecting Boston to Cape Cod. Its proximity to Downtown Plymouth (1.25 miles) and the surrounding residential density provides a consistent, built-in customer base.
Industry experts note that the triple-net (NNN) structures of these leases—which include scheduled rent increases—provide a critical hedge against inflation and rising labor costs, making the property a “trophy” asset for the new ownership.
Reporting by Ashley Bennet Plimoth Today Digital Reporter
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