Net-leased CVS property trades for $9 million in deal arranged by Marcus & Millichap

65 River Road in Edgewater — Courtesy: Marcus & Millichap

A private investor has acquired a net-leased retail property just off the Hudson River in Edgewater for $9 million, in a newly announced deal by Marcus & Millichap.

According to a news release, the brokerage firm’s Steven Siegel represented the seller in the transaction at 65 River Road. That includes a 13,361-square-foot property occupied by CVS, which operates under a ground lease that runs through 2035, benefiting from its proximity to a host of waterfront residential developments and neighborhood retail…

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