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CVS Pharmacy 891 Main St 13,013 SF Retail Building Woburn, MA 01801 $11,595,104 ($891.04/SF) 6.25% Cap Rate
Investment Highlights
- Investment Grade - Corporate Guarantee
- $156,000+ Average Household Income
- Strong Consumer Spending Fundamentals
- High-Traffic Main Street Corridor | +24,000 Vehicles Per Day
- Established National Retail Corridor
- Affluent Greater Boston Community
Executive Summary
Surmount is pleased to present the exclusive listing for a CVS Pharmacy located at 891 Main Street, Woburn, MA 01801. The site consists of roughly 13,013 rentable square feet of building space on an estimated 2.05-acre parcel of land. CVS Pharmacy is subject to a 25.35-year Double Net (NN) lease, which commenced 9/30/2013. The current annual rent is $724,694 and has scheduled increases of 10.00% Every First Options, 5.00% Every Last Options.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,013 SF
Building Class
B
Year Built
2013
Price
$11,595,104
Price Per SF
$891.04
Cap Rate
6.25%
NOI
$724,694
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
2.05 AC
Zoning
B-H
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | WOBU-000018-000007-000026 | Improvements Assessment | $3,349,700 |
| Land Assessment | $867,600 | Total Assessment | $4,217,300 |
Property Taxes
Parcel Number
WOBU-000018-000007-000026
Land Assessment
$867,600
Improvements Assessment
$3,349,700
Total Assessment
$4,217,300
Contacts
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Kevin Burke -
Anthony D'Ambrosia -
Josh Kanter -
Glen Kunofsky -
Christopher Marks -
Surmount
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