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256 Pleasant St
Methuen, MA 01844
WALGREENS · Retail Property For Sale
Investment Highlights
- Long Term Operating History: Walgreens has been operating at this location for close to 20 years.
- Methuen currently has ±35 fully approved development projects in the works throughout the city including a mix of new retail, apartments, mixed use.
- Strong Retail Synergy: Surrounded by some of the nation’s largest tenants such as Target, The Home Depot, Chick-fil-A, Raising Canes, Etc.
- Located 1.5 miles away from Holy Family Hospital of Methuen, a 310+ bed hospital with two campuses that services close to 450,000 patients per year.
- The property operates on a NNN lease, with no landlord responsibilities.
- Corporate Guarantee: Lease is corporately guaranteed by Walgreens (NASDAQ: WBA), with over 8,600 stores across the country.
Property Facts
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,520 SF
Building Class
B
Year Built
2005
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
2.85 AC
Zoning
BL - Business Limited
Parking
57 Spaces (4.22 Spaces per 1,000 SF Leased)
Frontage
89’ on Pleasant St
Property Taxes
| Parcel Number | METH-000812-000059-000100 | Improvements Assessment | $1,780,100 |
| Land Assessment | $1,313,000 | Total Assessment | $3,093,100 |
Property Taxes
Parcel Number
METH-000812-000059-000100
Land Assessment
$1,313,000
Improvements Assessment
$1,780,100
Total Assessment
$3,093,100
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