418 Quincy Ave - Drug Store FOR SALE


Quincy, MA 02169- Quincy Point
$6,004,000 USD
508-272-0585
418 Quincy Ave, Quincy, MA for Sale
$6,004,000 USD
Drug Store - FOR SALE
1/6
null | 6% Cap Rate

418 Quincy Ave
Quincy, MA 02169
Quincy Point


OVERVIEW

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of the Walgreens located at 418 Quincy Avenue in Quincy, Massachusetts. The offering features a rare and newly restructured lease with Walgreens with rent increases throughout the primary term and lease option periods. Walgreens has maintained a long operating history at the site since 1997, with a new 15-year absolute NNN that commenced in 2023 and runs through February of 2038. The property is situated on an oversized 1.78-acre parcel and enjoys excellent visibility and accessibility along Quincy Avenue, with nearly 35,000 vehicles per day passing the site. The offering benefits from its positioning within a dense, affluent, and high-barrier to- entry market located just 9 miles south of Boston, with 126,000 residents in a 3-mile radius with average household incomes of approximately $135,000.

FOR SALE DETAILS

PRICE

$6,004,000 USD

PRICE/SF

$440 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.87 AC

LAND SF

81,467 SF

ZONING

BUSB

APN/PARCEL ID

QUIN-002084C-000059-000001

ASK ABOUT THIS PROPERTY

Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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