Highlights

• New 25 Year Absolute NNN Lease with Walgreens, an S&P A+ rated tenant
• Rare two-story 21,000 sq/ft building in downtown Maynard, Mass (Plymouth County)
• Walgreens has over 7,000 stores with a $13 billon dollar net worth

• 25 miles west of Boston & 27 miles northeast of Worcester
• Located at the intersection Route 27 & Route 62 in downtown Maynard
• AVG HH Income exceeds $155,000 with over 60,000 people within five miles

Description

New 25 Year NNN Walgreens in downtown Maynard, Mass. With 10,496 square feet on the first floor and roughly 10,496 sq/ft of office on the second floor, this is larger than their average prototype. Walgreens occupies roughly 17,000 square feet and an additional 4,000 square foot office 2nd Floor condo is included in the purchase price. This would provide additional upside by either lease or a condo sale. With no management responsibilities and Walgreens billed all expenses direct, this opportunity is prime for an investor looking for a hands off investment with tremendous long-term appreciation given this prime New England submarket . Walgreens is rated A-plus/stable by Standard & Poor's.

The site sits in downtown Maynard in the Theatre district near a new CVS , the Fine Arts Theater, Clock Tower Place (a major employment hub with over 75 businesses), and Maynard Medical Center. From its roots in the 1800's Maynard has had a close relationship with its businesses. At the center of downtown is the Mill complex, once humming with sounds of wool looms, then Digital Equipment Corporation's corporate headquarters and birthplace of the minicomputer, and now the home of 70+ technology, service and manufacturing companies. Within a 4-minute walk lies the entire central business district -- complete with services, restaurants, and stores ready for patronage. Maynard embraces a vibrant arts community both in town and with its neighbors. Downtown features a number of galleries and stores, a neighborhood movie theatre (one of the few left of its kind), and a thriving arts center a short walk from the center of town.