118 Northampton St
Easthampton, MA 01027
CVS Pharmacy · Retail Property For Sale

The subject property is a CVS Pharmacy with 13.5 years remaining on the lease and includes two 5-year options with very rare increases throughout the entire term. The property is situated on 1.54 acres along Northampton Street (MA Route 10), the primary route through town. The tenant is backed by an investment grade credit with a corporate guarantee (S&P Credit Rating: BBB+). Average sales for this CVS far exceed the national average. CVS has been in business in this location for more than 20 years. The lease is triple net with the tenant responsible for taxes, insurance and maintenance (including roof maintenance), and the landlord is responsible for repairing and/or replacing portions of the roof and structure. The base term of the lease was 20 years, and the tenant extended the lease early by 10 years bringing the current term to 2033. The lease includes an average of five percent rent increase every five years including options. Easthampton is located in Hampshire county, which is home to the “five colleges” which includes UMass Amherst (12 miles, 28,635 students), Amherst College (11 miles, 1849 students), Hampshire College (11 miles, 1191 students), Mount Holyoke College (11 miles, 2208 students) and Smith College (3.4 miles, 2450 students). There are three major hospitals in the surrounding area Northampton State Hospital (3.4 miles), Cooley Dickinson Hospital (4.8 miles) and Providence Place Hospital (7 miles). Easthampton is located just off Interstate 91, 15 miles north of Springfield, 85 miles southeast of Albany, 100 miles west of Boston, and 155 miles north of NYC. Other retailers in the market include McDonalds, Burger King, Subway, Dunkin Donuts, Cumberland Farms, Family Dollar, Advance Auto Parts, Bank of America, Florence Bank, and others.