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CVS Pharmacy 220 Maple St 11,900 SF Retail Building Middleton, MA 01949 $9,506,032 ($798.83/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Extremely Attractive Assumable Financing Available
- Rare CVS Rental Increases Every 5 Years
- Zero Landlord Responsibilities
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a CVS Pharmacy located at 220 Maple St, Middleton, MA 01949. The site consists of roughly 11,900 rentable square feet of building space on an estimated 1.19-acre parcel of land. This CVS Pharmacy is subject to a 26-year Triple Net (NNN) lease, which commenced 2/5/2007. The current annual rent is $594,127 and there is assumable financing available at a 3.10% interest rate.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,900 SF
Building Class
B
Year Built
2007
Price
$9,506,032
Price Per SF
$798.83
Cap Rate
6.25%
NOI
$594,127
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.19 AC
Zoning
B - Business District
Parking
62 Spaces (5.21 Spaces per 1,000 SF Leased)
Frontage
190’ on Maple Street
AMENITIES
- Drive Thru
PROPERTY TAXES
| Parcel Number | MIDD-000019-000000-000107 | Improvements Assessment | $2,302,900 |
| Land Assessment | $785,900 | Total Assessment | $3,088,800 |
PROPERTY TAXES
Parcel Number
MIDD-000019-000000-000107
Land Assessment
$785,900
Improvements Assessment
$2,302,900
Total Assessment
$3,088,800
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CVS Pharmacy | 220 Maple St
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