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Walgreens 54 Elliott St 14,036 SF Retail Building Beverly, MA 01915 $4,895,000 ($348.75/SF) 6.25% Cap Rate
Investment Highlights
- Absolute net lease | Zero landlord responsibilities | Desirable lease term | 12 years remaining
- Affluent surrounding area | $134,463 average household income within a 3-mile radius
- Located inside of dense retail corridor | 1.6M SF within a 2-mile radius
- Top-performing store | Ranks in the 85th percentile nationwide for number of visits via Placer.ai
- Great visibility & access from Elliot St & Rantoul St | Signalized corner intersection | 24,000 VPD
- Attractive population density within a 5-mile radius | 179,830 residents
Executive Summary
Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Walgreens in Beverly, MA. We welcome your review of this attractive investment.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,036 SF
Building Class
C
Year Built
1998
Price
$4,895,000
Price Per SF
$348.75
Cap Rate
6.25%
NOI
$305,910
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
1.16 AC
Zoning
Commercial
Parking
67 Spaces (4.77 Spaces per 1,000 SF Leased)
Frontage
Moderately walkable
60/100
Fairly drivable
50/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Contacts
-
Ransome Foose -
Carl Brendes -
Quinn O'Donnell -
Matt Sagehorn -
Berkeley Capital Advisors
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Walgreens | 54 Elliott St
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