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Walgreens (Subleased to Emerson Hospital) 21 Main St 20,992 SF 100% Leased Retail Building Maynard, MA 01754 $8,929,000 ($425.35/SF) 7% Cap Rate
Investment Highlights
- Long-Term Absolute NNN Lease
- Strategic Downtown Location
- Top-Ranked Community Healthcare System
- Stable Population & Household Base
Executive Summary
Surmount is pleased to present the exclusive listing for a Walgreens (Subleased to Emerson Hospital) located at 21 Main Street, Maynard, MA 01754. The site consists of roughly 20,992 rentable square feet of building space on an estimated .63-acre parcel of land. Walgreens (Subleased to Emerson Hospital) is subject to a 25-year Triple Net (NNN) lease, which commenced 10/12/2009.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
20,992 SF
Building Class
B
Year Built
2009
Price
$8,929,000
Price Per SF
$425.35
Cap Rate
7%
NOI
$625,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.76
Lot Size
0.63 AC
Zoning
CB - General Business
Frontage
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | MAYN-000015-000000-000074 | Improvements Assessment | $2,938,000 |
| Land Assessment | $314,700 | Total Assessment | $3,252,700 |
Property Taxes
Parcel Number
MAYN-000015-000000-000074
Land Assessment
$314,700
Improvements Assessment
$2,938,000
Total Assessment
$3,252,700
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Walgreens (Subleased to Emerson Hospital) | 21 Main St
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