106 Boston Rd - Retail FOR SALE


Groton, MA 01450
$2,448,333 USD
404-635-8859
106 Boston Rd, Groton, MA for Sale
$2,448,333 USD
Retail - FOR SALE
1/6
null | 6% Cap Rate

106 Boston Rd
Groton, MA 01450


HIGHLIGHTS

  • BEST-IN-CLASS, INVESTMENT-GRADE, PUBLIC GUARANTOR | LARGE PARCEL CREATES HIGH RESIDUAL VALUE
  • HIGHLY ATTRACTIVE BTS ASSET | LIMITED COMPETITION
  • RECENTLY EXERCISED RENEWAL OPTION | SYNERGISTIC LOCATION
  • HIGHLY PASSIVE, ABSOLUTE NNN GROUND LEASE | EXCELLENT ACCESS & VISIBILITY ON STATE HIGHWAY
  • GREATER THAN MARKET CONTRACTUAL RENT GROWTH | AFFLUENT MARKET, 45 MINUTES FROM BOSTON
  • LOW RENT/LOW PRICE POINT IN TIGHT SUBMARKET | HIGH BARRIER-TO-ENTRY MARKET

OVERVIEW

Northmarq, on behalf of ownership, is pleased to present the opportunity to acquire the fee simple interest in the ground of the CVS Pharmacy located at 106 Boston Road in Groton, Massachusetts (the “Property”). A build-to-suit store in 1999, CVS has been at this location for more than 25 years, which includes exercising the first of five, ten-year renewals in 2021. Their Absolute NNN lease has zero landlord responsibility with no rent holiday and, in fact, features 8% rent bumps every five years through each of the remaining four, ten-year option periods – accelerated rent growth compared to many drugstore leases.

FOR SALE DETAILS

PRICE

$2,448,333 USD

PRICE/SF

$94 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Drug Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.33 AC

LAND SF

188,615 SF

ZONING

B1

APN/PARCEL ID

GROT-000222-000019

ASK ABOUT THIS PROPERTY

Jason PowellNorthmarqMore Info
404-635-8859

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Jason PowellNorthmarqMore Info
404-635-8859

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.