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CVS 842 S Franklin St 14,894 SF Retail Building Holbrook, MA 02343 $6,281,757 ($421.76/SF) 7% Cap Rate
Investment Highlights
- Long-Term Stability with 10+ Years Remaining - Recent 10-year lease extension demonstrates strong tenant commitment
- Proven Operating History | Strong Site Commitment - CVS has operated at this location for 20+ years
- Drive-Thru Equipped with Generous On-Site Parking
- NNN Lease Structure | Passive Investment - Absolute NNN lease with minimal landlord responsibilities
- Prime Corner Location at a Signalized Intersection - Positioned at the highly visible, signalized intersection of South St and S. Franklin St
- Corporate Guaranteed Lease - Lease guaranteed by CVS Health Corporation is the nation’s largest pharmacy chain with 9,000+ locations and BBB+ S&P
Executive Summary
Long-Term Stability with 10+ Years Remaining - Recent 10-year lease extension demonstrates strong tenant commitment
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,894 SF
Building Class
B
Year Built
2005
Price
$6,281,757
Price Per SF
$421.76
Cap Rate
7%
NOI
$439,723
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
1.38 AC
Zoning
B1
Parking
56 Spaces (3.76 Spaces per 1,000 SF Leased)
Frontage
150’ on South Street
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | HOLB-000052-000000-000006-000001 | Improvements Assessment | $2,303,700 |
| Land Assessment | $561,700 | Total Assessment | $2,865,400 |
Property Taxes
Parcel Number
HOLB-000052-000000-000006-000001
Land Assessment
$561,700
Improvements Assessment
$2,303,700
Total Assessment
$2,865,400
Contacts
-
Deno Bistolarides -
Marcel Sarkisian -
Brandon Abdelnour -
Brandon Hanna -
Encore Real Estate Investment Services
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CVS | 842 S Franklin St
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