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CVS Pharmacy 106 Boston Rd 9,750 SF Retail Building Groton, MA 01450 $3,431,608 CAD ($351.96 CAD/SF) 6% Cap Rate

Retail Spaces Massachusetts Groton 106 Boston Rd, Groton, MA 01450

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Investment Highlights

  • BEST-IN-CLASS, INVESTMENT-GRADE, PUBLIC GUARANTOR | LARGE PARCEL CREATES HIGH RESIDUAL VALUE
  • RECENTLY EXERCISED RENEWAL OPTION | SYNERGISTIC LOCATION
  • GREATER THAN MARKET CONTRACTUAL RENT GROWTH | AFFLUENT MARKET, 45 MINUTES FROM BOSTON
  • HIGHLY ATTRACTIVE BTS ASSET | LIMITED COMPETITION
  • HIGHLY PASSIVE, ABSOLUTE NNN GROUND LEASE | EXCELLENT ACCESS & VISIBILITY ON STATE HIGHWAY
  • LOW RENT/LOW PRICE POINT IN TIGHT SUBMARKET | HIGH BARRIER-TO-ENTRY MARKET

Executive Summary

Northmarq, on behalf of ownership, is pleased to present the opportunity to acquire the fee simple interest in the ground of the CVS Pharmacy located at 106 Boston Road in Groton, Massachusetts (the “Property”). A build-to-suit store in 1999, CVS has been at this location for more than 25 years, which includes exercising the first of five, ten-year renewals in 2021. Their Absolute NNN lease has zero landlord responsibility with no rent holiday and, in fact, features 8% rent bumps every five years through each of the remaining four, ten-year option periods – accelerated rent growth compared to many drugstore leases.

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Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
9,750 SF
Building Class
B
Year Built
1999
Price
$3,431,608 CAD
Price Per SF
$351.96 CAD
Cap Rate
6%
NOI
$205,897 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
4.33 AC
Zoning
B1

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Retailer
  • 99,999 SF
  • -
  • Jan 0000

CVS Pharmacy began in 1963 as Consumer Value Stores in Lowell, Massachusetts, and the CVS name followed the next year. Pharmacies were added to CVS stores in Cranston, Rhode Island, and the business later became part of CVS Health, which expanded the enterprise into retail pharmacy, prescription benefits, and related health services. CVS Pharmacy operates as a retail pharmacy chain with neighborhood, mail-order, and specialty pharmacy services, plus prescription delivery and savings support. The company sells over-the-counter medicines, beauty products, seasonal merchandise, and convenience foods, and offers in-store and virtual care through MinuteClinic and related services.

Tenant Industry SF Occupied Rent/SF Lease End
Retailer 99,999 SF - Jan 0000
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Source: Local Logic®

Property Taxes

Parcel Number GROT-000222-000019 Improvements Assessment $4,575,696 CAD
Land Assessment $761,775 CAD Total Assessment $5,337,471 CAD

Property Taxes

Parcel Number
GROT-000222-000019
Land Assessment
$761,775 CAD
Improvements Assessment
$4,575,696 CAD
Total Assessment
$5,337,471 CAD
(404) 635-8859

Still interested?

Contact the broker for more information about this property

Contact

  • Listing ID: 40959915

  • Date on Market: 2026-06-17

  • Last Updated:

  • Address: 106 Boston Rd, Groton, MA 01450

The Retail Property at 106 Boston Rd, Groton, MA 01450 is currently available for Sale. Contact Northmarq for more information.

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CVS Pharmacy | 106 Boston Rd
(404) 635-8859 x

CVS Pharmacy | 106 Boston Rd

Jason Powell
(404) 635-8859

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