650 South St - Freestanding FOR SALE


Wrentham, MA 02093
$11,227,000 USD
332-345-4222
650 South St, Wrentham, MA for Sale
$11,227,000 USD
Freestanding - FOR SALE
1/2
null | 5% Cap Rate

650 South St
Wrentham, MA 02093


HIGHLIGHTS

  • Long Term Net Leases
  • Attractive Rental Increases
  • Ideal Corporate Guarantees
  • Incredibly Attractive Assumable Mortgage
  • Large Lot with Excellent Visibility
  • Minimal Landlord Responsibilities

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a CVS Pharmacy and a Cumberland Farms located at 650& 652 South St, Wrentham, MA 02093. The CVS consists of roughly 13,111 rentable square feet of building space on an estimated 2.83-acre parcel of land. This CVS Pharmacy is subject to a 20-year Double Net (NN) lease, which commenced 3/25/2019. The current annual rent is $411,750 and has scheduled increases of 5.00% in options 2 through 5. The Cumberland Farms consists of roughly 5,784 square feet on an estimated 1.14-acre parcel of land. This Cumberland Farms is subject to a 20-year Triple Net (NNN) Ground lease with commenced on 8/7/2019. The current annual rent is $149,600 and has scheduled increases of 10% every 5 years.

FOR SALE DETAILS

PRICE

$11,227,000 USD

PRICE/SF

$1,931 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cumberland Farms

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

B-1 10

APN/PARCEL ID

WREN-000007K-000003-000001

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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