20 Weston St - Drug Store FOR SALE


Waltham, MA 02453- Bank Square
$5,523,000 USD
949-903-3399
20 Weston St, Waltham, MA for Sale
$5,523,000 USD
Drug Store - FOR SALE
1/6
null | 6.25% Cap Rate

20 Weston St
Waltham, MA 02453
Bank Square


HIGHLIGHTS

  • Proven Long Term Absolute NNN Corp. Lease by Walgreens - 12+ Years plus Options
  • Hyper Infill Corner - Part of Massachusetts Supercluster - Biotech/Life Science/Medical Device
  • Strong Lease Guarantee - Subsidiary of Sycamore Partners Private Equity ($11B+ Assets)
  • Recent New Prototype 15 Yr. Lease Extension to include Rare Rent Bumps every 5 Yrs.
  • Very Affluent Suburb outside Boston ($236,656 HHI) - High Barriers to Entry - Dense Residential
  • High Profile Large 1.43 Acre Site - Zero LL Duties - Proven Store via New Long-Term Lease

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer investors the opportunity to acquire the absolute net leased Walgreens in Waltham, MA. Walgreens is the second largest pharmacy chain in the U.S., has been in business over 125 years and serves over 9 million customers daily. Walgreens has successfully occupied this location since 1992, has over 11.9 lease years remaining in the primary term with twelve 5-year option periods and benefits from zero landlord responsibilities. The 14,279 SF building on 1.43-acre parcel is positioned on the hard corner signalized intersection of Weston Street and South Street which sees a combined traffic count exceeding 29,000 VPD and is directly adjacent Main Street which sees over 24,900 VPD. Waltham is located within the Massachusetts Supercluster, a global powerhouse of economic activity driven by the dense concentration of biotech, pharma and tech firms. Anchored by world-class institutions like MIT and Harvard, providing a constant stream of talent and research, this area receives billions in funding every year from both venture capital groups and the National Institute of Health. Don’t miss out on the excellent opportunity to purchase a top performing Walgreens within 16 miles of Boston on a long-term lease with no landlord responsibilities providing effortless cash flows for years to come.

FOR SALE DETAILS

PRICE

$5,523,000 USD

PRICE/SF

$384 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

93

LAND DETAILS

LAND ACRES

1.43 AC

LAND SF

62,151 SF

ZONING

Business B

APN/PARCEL ID

WALT-000058-000020-000007

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

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Eric CarltonColliersMore Info
949-903-3399

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