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Walgreens 220 Huttleston Ave 15,120 SF Retail Building Fairhaven, MA 02719 $4,531,034 ($299.67/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-term Operating History with Consistently High Sales Reporting | Walgreens has been operating out of this location for over 20 years
- Large Lot at Four-Way Signalized Intersection | This site sits on a large 1.70-acre lot at the four way signalized intersection
- Recent Market Consolidation to this Location | Walgreens previously had two locations in this market, but closed the other store in 2025
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Walgreens located at 220 Huttleston Ave, Fairhaven, MA 02719. The site consists of roughly 15,120 rentable square feet of building space on an estimated 1.7-acre parcel of land. This Walgreens is subject to a 20-year Double Net (NN) lease, which commenced 9/19/2002. The current annual rent is $328,500 and is flat throughout the base term and options.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
15,120 SF
Building Class
C
Year Built
2002
Price
$4,531,034
Price Per SF
$299.67
Cap Rate
7.25%
NOI
$328,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.70 AC
Zoning
BUS, Fairhaven - Central Business District
Frontage
216’ on Narragansett Boulevard
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | FAIR-000030A-000000-000092 | Improvements Assessment | $1,175,300 |
| Land Assessment | $1,711,200 | Total Assessment | $2,886,500 |
PROPERTY TAXES
Parcel Number
FAIR-000030A-000000-000092
Land Assessment
$1,711,200
Improvements Assessment
$1,175,300
Total Assessment
$2,886,500
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Walgreens | 220 Huttleston Ave
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