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CVS Pharmacy 100-106 Front St 12,520 SF Retail Building Scituate, MA 02066 $6,320,000 ($504.79/SF) 6.25% Cap Rate
Investment Highlights
- Absolute Triple Net Lease with No Landlord Responsibilities
- Corporate Guarantee
- Affluent Coastal Location with Extremely High Barriers to Entry
- Rare Rental Increases Throughout the Option Periods
- Located 20 Miles from Downtown Boston
- 20+ Years of Successful Operations & Recent Lease Extension
Executive Summary
Surmount is pleased to present the exclusive listing for a CVS Pharmacy located at 104 Front Street, Scituate, MA 02066. The site consists of roughly 12,520 rentable square feet of building space on an estimated .09-acre parcel of land. CVS Pharmacy is subject to a 10-year Triple Net (NNN) lease, which commenced 9/25/2003. The current annual rent is $395,000 and has scheduled increases of 6.00% in options.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,520 SF
Building Class
B
Year Built
1947
Price
$6,320,000
Price Per SF
$504.79
Cap Rate
6.25%
NOI
$395,000
Tenancy
Single
Building Height
1 Story
Zoning
B, Scituate
Amenities
- Waterfront
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $4,333,100 | |
| Land Assessment | $0 | Total Assessment | $4,333,100 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$4,333,100
Total Assessment
$4,333,100
Contacts
-
Stewart Hickey -
Anthony D'Ambrosia -
Josh Kanter -
Glen Kunofsky -
Christopher Marks -
Surmount
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