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Walgreens 121 Main St 14,820 SF Retail Building Foxborough, MA 02035 $5,187,500 ($350.03/SF) 8% Cap Rate
Investment Highlights
- Long Term Lease
- Corporate Guarantor
- Strong Demographics
- Zero Management Responsibilities
- Strategic Location
- High Traffic Counts
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the single-tenant, absolute triple-net Walgreens located at 121 Main Street (Unit 6) in Foxboro, Massachusetts (the “Property”). Walgreens has occupied the Property since it was constructed in 2008, and there are 7+ years of term remaining on the lease followed by fifty (50), 1-year renewal option. Walgreens is situated on a highly visible parcel at the junction of Main Street with North Street and Chestnut Street within the Shops at Chestnut Green shopping center. The location is less than a mile from Foxboro’s downtown area and is in close proximity to the town’s schools and municipal offices. The Property is between US Route 1 (1.5 miles) and Interstate 95 (2.5 mile), offering excellent regional connectivity and convenient accessibility. Additionally, Walgreens is just over a mile from Patriot Place, a 1.3 million square-foot lifestyle center, and Gillette Stadium, home of the New England Patriots.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,820 SF
Building Class
B
Year Built
2008
Price
$5,187,500
Price Per SF
$350.03
Cap Rate
8%
NOI
$415,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.90 AC
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Walgreens
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Walgreens | Retailer | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | FOXB-000054-000000-001483 | Improvements Assessment | $4,350,800 |
| Land Assessment | $2,801,500 | Total Assessment | $7,152,300 |
Property Taxes
Parcel Number
FOXB-000054-000000-001483
Land Assessment
$2,801,500
Improvements Assessment
$4,350,800
Total Assessment
$7,152,300
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Walgreens | 121 Main St
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