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CVS Pharmacy (Zero Cash Flow) 7 Washington St 13,225 SF Retail Building Taunton, MA 02780 $2,007,910 ($151.83/SF)
Investment Highlights
- Zero Cash Flow Structure with Paydown/Readvance
- Strategic Location with Strong Demos
- 100% Depreciation Benefits on the Leasehold Interest
- Dominant Retail Pharmacy Brand with Investment Grade Guaranty
- Absolute Net Lease - No Responsibilities
Executive Summary
$451,389 Equity Down (29% Over Debt)
Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the leasehold interest in a single-tenant CVS Pharmacy location in Taunton, Massachusetts. The absolute net lease structure provides for a passive, secure investment with no responsibilities for the Landlord.
The Property features non-recourse, zero cash flow structured financing that is readily assumable. The structure is ideal for tax-deferred 1031/1033 exchange buyers or non-exchange buyers seeking passive losses that may be used to offset income from other real estate investments.
In Association With Phillip C. Tomlinson MA Lic #150418
Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the leasehold interest in a single-tenant CVS Pharmacy location in Taunton, Massachusetts. The absolute net lease structure provides for a passive, secure investment with no responsibilities for the Landlord.
The Property features non-recourse, zero cash flow structured financing that is readily assumable. The structure is ideal for tax-deferred 1031/1033 exchange buyers or non-exchange buyers seeking passive losses that may be used to offset income from other real estate investments.
In Association With Phillip C. Tomlinson MA Lic #150418
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
13,225 SF
Building Class
C
Year Built
2009
Price
$2,007,910
Price Per SF
$151.83
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.62 AC
Opportunity Zone
Yes
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
CVS Pharmacy began in 1963 as Consumer Value Stores in Lowell, Massachusetts, selling health products. The company expanded into pharmacy services in 1967 and was later acquired by Melville Corporation. Through strategic acquisitions like MinuteClinic and Caremark, CVS grew its healthcare services. The 2018 merger with Aetna made CVS Health a major player in insurance. Today, the company operates pharmacies nationwide, manages pharmacy benefits, and provides health insurance through various subsidiaries.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | TAUN-000065-000138 | Improvements Assessment | $2,952,000 |
| Land Assessment | $1,285,800 | Total Assessment | $4,237,800 |
Property Taxes
Parcel Number
TAUN-000065-000138
Land Assessment
$1,285,800
Improvements Assessment
$2,952,000
Total Assessment
$4,237,800
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CVS Pharmacy (Zero Cash Flow) | 7 Washington St
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