This property is Off-Market

415-421 Main Street
Woburn, MA 01801 ·

7,316 SF · Retail For Sale

N/A

Print

CVS

Price N/A Cap Rate 9%
Building Size 7,316 SF Occupancy 100%
Property Type Retail Tenancy Single
Property Sub-type Free Standing Bldg Lot Size 0.19 SF
Property Use Type Net Lease Investment with 3 years left on lease
Listing ID: 17259491 Date Created: 07/25/2011 Last Updated: 09/29/2011

Description

Marcus & Millichap is pleased to present the sale of a CVS Pharmacy located at 415-421 Main Street in Woburn, Massachusetts. The 7,316 square foot building was built in 1985. The property has very strong demographics with over 260,000 people within a 5 mile radius with an average household income of approximately $104,000. CVS signed an original ten year, NN, corporate guaranteed lease, with (3) five year options. CVS recently signed an amendment to remain at this location.
There are currently over three years remaining on the base term of the amendment. CVS has (1) Five Year option to renew with a 12% rental increase. The landlord is responsible for the roof and structure of the property.

The CVS is located in a high income, extremely dense area. Due to the lack of available land for development there are very high barriers to entry in this location. The property offers investors the rare opportunity to purchase a single tenant retail property within the Route 128 Corridor.

Research

415-421 Main Street, Woburn, MA 01801 (Middlesex County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Woburn Market Trends - Asking price index trends, sale price trends, asking rent trends

Similar Listings

  • 307 Main St
    307 Main St

    Woburn, MA 01801

    For Sale · $750,000

    7,800 SF Building

    Street Retail

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)