689 Depot St - Drug Store FOR SALE


North Easton, MA 02356
$4,725,927 USD
781-776-4003
689 Depot St, North Easton, MA for Sale
$4,725,927 USD
Drug Store - FOR SALE
1/7
null | 6.75% Cap Rate

689 Depot St
North Easton, MA 02356


HIGHLIGHTS

  • Attractive Rent Increases
  • Zero Management Responsibilities
  • Investment Grade Tenant
  • Strategic Location
  • High Traffic Counts
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the single-tenant, Absolute NNN leased CVS located 689 Depot Street in North Easton, Massachusetts (the “Property”). CVS has been at this location since it was constructed and just executed a 10-year lease extension, demonstrating their commitment to the site and market. CVS has 9+ years remaining on their lease with nine (9), 5-year renewal options. The lease calls for 3% increases at the start of each renewal option. The Property is situated on a highly visible corner parcel at the intersection of Bay Road and Depot Street (MA Route 123). CVS enjoys outstanding visibility and frontage with three points of access, and is across from Shaw’s Plaza, a grocery anchored shopping center. The Property is seconds from the signalized intersection with Foundry Street (MA Route 106) and is convenient to the area’s national and local retailers and restaurants, highways, area schools, and residential neighborhoods that drive traffic to the area and provide a built-in customer base. North Easton is in southeastern Massachusetts approximately 7 miles from Brockton and 25 miles south of Boston.

FOR SALE DETAILS

PRICE

$4,725,927 USD

PRICE/SF

$430 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.22 AC

LAND SF

96,703 SF

ZONING

-

APN/PARCEL ID

EAST-000045U-000051

ASK ABOUT THIS PROPERTY

Robert HorvathHorvath & TremblayMore Info
781-776-4003

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Robert HorvathHorvath & TremblayMore Info
781-776-4003

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