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1990 Boston Rd 10,125 SF Retail Building Wilbraham, MA 01095 $5,511,354 CAD ($544.33 CAD/SF) 6% Cap Rate
Executive Summary
Subject property is located at 1990 Boston Rd in Wilbraham, MA. The site is a CVS retail building and has operated at the site since 2001. CVS
has a NN lease, Landlord is responsible for the roof and structure. CVS recently agreed to new lease extension terms, extending the current
lease term out until 2039! There are 13 years left on the current term. CVS has (3) 5 year renewal options. Additionally, this is a leasehold
property with the current term running concurrent with the CVS building lease expiring in 2039 and has (2) 20 year renewal options.
**Seller agrees to pledge $10,248 to bring the NOI up to $239,948 for the 2027 rental increase.
The retail building is 10,125 +/- sf on .1.33+/- AC of land. The building was built in 2001. There are 50+ parking spaces.
Wilbraham, MA is located in Hampden County and is a suburb of Springfield, MA. The town of Wilbraham is known for its regard for higher
education and highly rated public school system. Wilbraham is also the home to Wilbraham & Monson Academy a private residential
preparatory school. The school has about 400 students and 66 faculty members. The corporate headquarters of Friendly’s Ice Cream was
formerly located in Wilbraham and has since been sold to Amici Partners Group. The Town has about 14,613 people and a growing retail district
along Boston Road!
Surrounding businesses include Home Depot, O’Reilly Auto Parts, Domino’s Pizza, Ford Dealership, Big Y, Urgent Care, Starbucks, Dunkin, Toyota
Dealership, Friendly’s Ice Cream Factory, TD Bank, Chipotle, Chick-Fil-A, Staples, Ocean State Job Lot, Town Fair Tire, Petco, Lowe’s, McDonalds,
BJs, Hobby Lobby, and more!
CVS Rent Schedule: (Annually)
Original Term- 12/3/2021-1/31/2027 $ 341,933.99
New Lease Extension Term- 2/1/2027-1/7/2039 $ 352,147.50
Option 1- 1/8/2039-1/7/2044 $ 362,711.88
Option 2- 1/8/2044-1/7/2049 $ 373,593.24
Option 3- 1/8/2049-1/7/2054 $ 384,801.12
Ground Lease Schedule: (Annually)
Option1- 1/8/19-1/7/2029 $112,200
Option 1-- 1/8/2029-1/7/2039 $112,200
Option 2- 1/8/2039-1/7/2059 $123,420
Option 3- 1/8/2059-1/7/2079 $135,762
has a NN lease, Landlord is responsible for the roof and structure. CVS recently agreed to new lease extension terms, extending the current
lease term out until 2039! There are 13 years left on the current term. CVS has (3) 5 year renewal options. Additionally, this is a leasehold
property with the current term running concurrent with the CVS building lease expiring in 2039 and has (2) 20 year renewal options.
**Seller agrees to pledge $10,248 to bring the NOI up to $239,948 for the 2027 rental increase.
The retail building is 10,125 +/- sf on .1.33+/- AC of land. The building was built in 2001. There are 50+ parking spaces.
Wilbraham, MA is located in Hampden County and is a suburb of Springfield, MA. The town of Wilbraham is known for its regard for higher
education and highly rated public school system. Wilbraham is also the home to Wilbraham & Monson Academy a private residential
preparatory school. The school has about 400 students and 66 faculty members. The corporate headquarters of Friendly’s Ice Cream was
formerly located in Wilbraham and has since been sold to Amici Partners Group. The Town has about 14,613 people and a growing retail district
along Boston Road!
Surrounding businesses include Home Depot, O’Reilly Auto Parts, Domino’s Pizza, Ford Dealership, Big Y, Urgent Care, Starbucks, Dunkin, Toyota
Dealership, Friendly’s Ice Cream Factory, TD Bank, Chipotle, Chick-Fil-A, Staples, Ocean State Job Lot, Town Fair Tire, Petco, Lowe’s, McDonalds,
BJs, Hobby Lobby, and more!
CVS Rent Schedule: (Annually)
Original Term- 12/3/2021-1/31/2027 $ 341,933.99
New Lease Extension Term- 2/1/2027-1/7/2039 $ 352,147.50
Option 1- 1/8/2039-1/7/2044 $ 362,711.88
Option 2- 1/8/2044-1/7/2049 $ 373,593.24
Option 3- 1/8/2049-1/7/2054 $ 384,801.12
Ground Lease Schedule: (Annually)
Option1- 1/8/19-1/7/2029 $112,200
Option 1-- 1/8/2029-1/7/2039 $112,200
Option 2- 1/8/2039-1/7/2059 $123,420
Option 3- 1/8/2059-1/7/2079 $135,762
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,125 SF
Building Class
B
Year Built
2001
Price
$5,511,354 CAD
Price Per SF
$544.33 CAD
Cap Rate
6%
NOI
$330,681 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.33 AC
Zoning
GB
Parking
55 Spaces (5.43 Spaces per 1,000 SF Leased)
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
CVS Pharmacy began in 1963 as Consumer Value Stores in Lowell, Massachusetts, selling health products. The company expanded into pharmacy services in 1967 and was later acquired by Melville Corporation. Through strategic acquisitions like MinuteClinic and Caremark, CVS grew its healthcare services. The 2018 merger with Aetna made CVS Health a major player in insurance. Today, the company operates pharmacies nationwide, manages pharmacy benefits, and provides health insurance through various subsidiaries.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | WILB-001150-000024-000325 | Improvements Assessment | $1,854,976 CAD |
| Land Assessment | $1,120,428 CAD | Total Assessment | $2,975,404 CAD |
Property Taxes
Parcel Number
WILB-001150-000024-000325
Land Assessment
$1,120,428 CAD
Improvements Assessment
$1,854,976 CAD
Total Assessment
$2,975,404 CAD
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1990 Boston Rd
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