80 Market St - Drug Store FOR SALE
Rockland, MA 02370 |
80 Market St
Rockland, MA 02370
HIGHLIGHTS
- CVS has been operating in this location for more than 27 years and has a strong sales history that surpassed $19M in 2023.
- CVS Health, the corporate guarantor of this lease, is the only investment grade credit tenant pharmacy (BBB rating from Standard & Poor's).
- CVS has recommitted to this location by renewing their lease early for an additional 15 years (thru 2039) plus 3 x 5yr. options with rental increases.
- CVS’ lease structure offers a passive ownership opportunity with minimal landlord responsibilities and tenant reimbursing or paying expenses directly.
- Boston MSA Demos | affluent and densely populated area illustrated by average household incomes ranging from $120,327-$142,723
- Multiple points of access and visibility at the signalized intersection of Market Street and Highland Street with traffic counts over 14,100 VPD
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
CVS | Rockland MA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
10125
STORIES
1
YEAR BUILT
1997
SPRINKLERS
-
PARKING SPACES
28
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
ROCK-000051-000000-000067
