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CVS Pharmacy 106 Boston Rd 9,750 SF Retail Building Groton, MA 01450 $2,448,333 ($251.11/SF) 6% Cap Rate

Retail Spaces Massachusetts Groton 106 Boston Rd, Groton, MA 01450

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Investment Highlights

  • BEST-IN-CLASS, INVESTMENT-GRADE, PUBLIC GUARANTOR | LARGE PARCEL CREATES HIGH RESIDUAL VALUE
  • RECENTLY EXERCISED RENEWAL OPTION | SYNERGISTIC LOCATION
  • GREATER THAN MARKET CONTRACTUAL RENT GROWTH | AFFLUENT MARKET, 45 MINUTES FROM BOSTON
  • HIGHLY ATTRACTIVE BTS ASSET | LIMITED COMPETITION
  • HIGHLY PASSIVE, ABSOLUTE NNN GROUND LEASE | EXCELLENT ACCESS & VISIBILITY ON STATE HIGHWAY
  • LOW RENT/LOW PRICE POINT IN TIGHT SUBMARKET | HIGH BARRIER-TO-ENTRY MARKET

Executive Summary

Northmarq, on behalf of ownership, is pleased to present the opportunity to acquire the fee simple interest in the ground of the CVS Pharmacy located at 106 Boston Road in Groton, Massachusetts (the “Property”). A build-to-suit store in 1999, CVS has been at this location for more than 25 years, which includes exercising the first of five, ten-year renewals in 2021. Their Absolute NNN lease has zero landlord responsibility with no rent holiday and, in fact, features 8% rent bumps every five years through each of the remaining four, ten-year option periods – accelerated rent growth compared to many drugstore leases.

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Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
9,750 SF
Building Class
B
Year Built
1999
Price
$2,448,333
Price Per SF
$251.11
Cap Rate
6%
NOI
$146,900
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
4.33 AC
Zoning
B1 - Commercial
Parking
49 Spaces (1.88 Spaces per 1,000 SF Leased)
Frontage
172’ on Boston Road

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Retailer
  • 99,999 SF
  • -
  • Jan 0000

CVS Pharmacy began as Consumer Value Stores in Lowell, Massachusetts in 1963 and introduced pharmacies inside stores a few years later in Cranston, Rhode Island. The business operates as part of CVS Health, a broader health care company that combines retail pharmacy with pharmacy services, mail order, specialty pharmacy, prescription delivery, vaccinations, and clinical support. CVS Pharmacy serves consumers through a wide network of neighborhood pharmacies and offers services tied to medication access, counseling, and wellness needs. Over time, the company expanded from a single store format into a major U.S. pharmacy presence with a national footprint in health care delivery.

Tenant Industry SF Occupied Rent/SF Lease End
Retailer 99,999 SF - Jan 0000
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Source: Local Logic®

Property Taxes

Parcel Number GROT-000222-000019 Improvements Assessment $3,264,600
Land Assessment $543,500 Total Assessment $3,808,100

Property Taxes

Parcel Number
GROT-000222-000019
Land Assessment
$543,500
Improvements Assessment
$3,264,600
Total Assessment
$3,808,100
(404) 635-8859

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Contact the broker for more information about this property

Contact

  • Listing ID: 40959915

  • Date on Market: 6/17/2026

  • Last Updated:

  • Address: 106 Boston Rd, Groton, MA 01450

The Retail Property at 106 Boston Rd, Groton, MA 01450 is currently available for Sale. Contact Northmarq for more information.

NEW NEARBY RETAIL LISTINGS

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CVS Pharmacy | 106 Boston Rd

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