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Cumberland Farms 650 South St 2,784 SF 4-Star Retail Building Wrentham, MA 02093 $9,935,398 ($3,568.75/SF) 5.65% Cap Rate
Investment Highlights
- Long Term Net Leases
- Ideal Corporate Guarantees
- Large Lot with Excellent Visibility
- Attractive Rental Increases
- Incredibly Attractive Assumable Mortgage
- Minimal Landlord Responsibilities
Executive Summary
NNN Pro is pleased to present the exclusive listing for a CVS Pharmacy and a Cumberland Farms located at 650& 652 South St, Wrentham, MA 02093. The CVS consists of roughly 13,111 rentable square feet of building space on an estimated 2.83-acre parcel of land. This CVS Pharmacy is subject to a 20-year Double Net (NN) lease, which commenced 3/25/2019. The current annual rent is $411,750 and has scheduled increases of 5.00% in options 2 through 5. The Cumberland Farms consists of roughly 5,784 square feet on an estimated 1.14-acre parcel of land. This Cumberland Farms is subject to a 20-year Triple Net (NNN) Ground lease with commenced on 8/7/2019. The current annual rent is $149,600 and has scheduled increases of 10% every 5 years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,784 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2019
Price
$9,935,398
Price Per SF
$3,568.75
Cap Rate
5.65%
NOI
$561,350
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.14 AC
Zoning
B-1 10 - Commercial
Parking
36 Spaces (12.93 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | WREN-000007K-000003-000001 | Improvements Assessment | $4,301,300 |
| Land Assessment | $1,980,600 | Total Assessment | $6,281,900 |
Property Taxes
Parcel Number
WREN-000007K-000003-000001
Land Assessment
$1,980,600
Improvements Assessment
$4,301,300
Total Assessment
$6,281,900
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Cumberland Farms | 650 South St
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