Share This Listing

Message

932 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

Pilgrim Hill Marketplace 2-8 Pilgrim Hill Rd 19,611 SF 100% Leased Retail Building Plymouth, MA 02360 $12,218,825 CAD ($623.06 CAD/SF) 6.50% Cap Rate

Save this listing!

Favourite this listing to get notified of price updates, new media and more

Investment Highlights

  • Long Term Historical Occupancy
  • Strong Credit
  • Scheduled Rent Increases
  • Long Term Leases
  • Minimal Landlord Responsibilities
  • Strategic Retail Location

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase Pilgrim Hill Marketplace, an institutionally-maintained retail plaza located at 2-8 Pilgrim Hill Road in Plymouth, Massachusetts (the “Property”). Pilgrim Hill Marketplace is a 19,611 square foot retail plaza on a 2.15-acre corner parcel that is 100% leased to a complimentary mix of tenants. The center is anchored by CVS and the remainder of the space is leased to O’Reilly Auto Parts and Family Pizza. Each of the tenants have net leases and scheduled increases in either the primary lease term or renewal options, making it an attractive investment for the passive investor and protecting the in-place cash flow against inflation and rising costs of service and labor. Pilgrim Hill Marketplace benefits from outstanding visibility, frontage and signage at the signalized intersection of Pilgrim Hill Road and Samoset Street in the center of a dominant trade area that is home to countless national retailers, office buildings and several industrial parks. The Property is 0.4 miles from Exit 15 on Route 3, the primary commuter highway connecting Boston with the South Shore and Cape Cod. Pilgrim Hill Marketplace is convenient to Downtown Plymouth (1.25-miles) and is surrounded by residential neighborhoods and large apartment communities that provide a built-in customer base. Plymouth is a burgeoning town of 60,000 residents on the South Shore of Massachusetts, approximately 40 miles south of Boston. One of the largest towns in Massachusetts, Plymouth, has experienced rapid growth over the last twenty years and now boasts direct commuter rail service to Boston, several large shopping center developments, new office and industrial parks and ten golf courses. The region is expected to continue to grow its population and jobs capitalizing on its proximity to Cape Cod Bay and Boston.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
19,611 SF
Building Class
B
Year Built
1997
Price
$12,218,825 CAD
Price Per SF
$623.06 CAD
Cap Rate
6.50%
NOI
$794,223 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
2.15 AC
Zoning
AC

Amenities

  • Pylon Sign

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Retailer
  • -
  • -
  • Jan 2019

CVS Pharmacy began in 1963 in Lowell, Massachusetts, as a health and beauty product retailer. The company expanded into pharmacy services in 1967 and grew through acquisitions to become a national healthcare provider. Today, CVS operates numerous retail pharmacy locations and walk-in clinics across the United States. The company also offers pharmacy benefit management services and health insurance products through various subsidiaries. CVS has established a significant presence in the healthcare sector by integrating retail, clinical, and insurance services.

  • Family Pizza
  • Accommodation and Food Services
  • -
  • -
  • -
  • Services
  • -
  • -
  • -

O’Reilly Automotive is a publicly traded automotive aftermarket parts retailer headquartered in Springfield, Missouri. Founded on December 2, 1957, by Charles F. O’Reilly and Charles H. “Chub” O’Reilly, the company began as a single store and has grown into one of the largest specialty retailers in its sector. O’Reilly serves both professional service providers and do-it-yourself customers through a dual-market strategy, offering parts, tools, and related services. The company operates more than 6,400 stores across the United States, Puerto Rico, Mexico, and Canada. O’Reilly Automotive trades on the NASDAQ under the ticker symbol ORLY and employs over 93,000 team members. Its growth has been driven by strategic acquisitions and a robust distribution network designed to ensure product availability and timely delivery.

Tenant Industry SF Occupied Rent/SF Lease End
Retailer - - Jan 2019
Family Pizza Accommodation and Food Services - - -
Services - - -

Nearby Major Retailers

Starbucks
Bank of America
Rockland Trust Company
Stop & Shop
Citizens Bank
Anytime Fitness

Property Taxes

Property Taxes

Parcel Number
PLYM-000101-000000-000006-000004A
Land Assessment
$3,223,230 CAD
Improvements Assessment
$9,909,984 CAD
Total Assessment
$13,133,214 CAD
  • Listing ID: 38139341

  • Date on Market: 2025-10-20

  • Last Updated:

  • Address: 2-8 Pilgrim Hill Rd, Plymouth, MA 02360

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}