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Dakota Bear Properties LLC bought 62 West Gray Road in Gray from GRAYRA LLC for $6.6 million.
John Doyon of Malone Commercial Brokers represented the buyer and Lynnfield, Mass., real estate brokerage firm Horvath & Tremblay represented the seller in the transaction, which closed Oct. 22.
Built in 2008, the property comprises a 14,673-square-foot retail store with a drive-through on 2.83 acres. It’s located just off Exit 63 on I-95 at the junction of Route 202 in Gray.
A former Rite Aid, it was acquired by Walgreens Boots Alliance (Nasdaq: WBA) and is now a Walgreens, according to Horvath & Tremblay’s marketing materials.
Horvath & Tremblay marketed it as a passive real estate investment with a triple-net lease requiring zero management responsibilities.