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Walgreens 20 Weston St 14,279 SF Retail Building Waltham, MA 02453 $7,680,174 CAD ($537.86 CAD/SF) 6.25% Cap Rate
Investment Highlights
- Proven Long Term Absolute NNN Corp. Lease by Walgreens - 12+ Years plus Options
- Strong Lease Guarantee - Subsidiary of Sycamore Partners Private Equity ($11B+ Assets)
- Very Affluent Suburb outside Boston ($236,656 HHI) - High Barriers to Entry - Dense Residential
- Hyper Infill Corner - Part of Massachusetts Supercluster - Biotech/Life Science/Medical Device
- Recent New Prototype 15 Yr. Lease Extension to include Rare Rent Bumps every 5 Yrs.
- High Profile Large 1.43 Acre Site - Zero LL Duties - Proven Store via New Long-Term Lease
Executive Summary
The Snyder Carlton National Net Lease Team is pleased to offer investors the opportunity to acquire the absolute net leased Walgreens in Waltham, MA. Walgreens is the second largest pharmacy chain in the U.S., has been in business over 125 years and serves over 9 million customers daily. Walgreens has successfully occupied this location since 1992, has over 11.9 lease years remaining in the primary term with twelve 5-year option periods and benefits from zero landlord responsibilities.
The 14,279 SF building on 1.43-acre parcel is positioned on the hard corner signalized intersection of Weston Street and South Street which sees a combined traffic count exceeding 29,000 VPD and is directly adjacent Main Street which sees over 24,900 VPD.
Waltham is located within the Massachusetts Supercluster, a global powerhouse of economic activity driven by the dense concentration of biotech, pharma and tech firms. Anchored by world-class institutions like MIT and Harvard, providing a constant stream of talent and research, this area receives billions in funding every year from both venture capital groups and the National Institute of Health.
Don’t miss out on the excellent opportunity to purchase a top performing Walgreens within 16 miles of Boston on a long-term lease with no landlord responsibilities providing effortless cash flows for years to come.
The 14,279 SF building on 1.43-acre parcel is positioned on the hard corner signalized intersection of Weston Street and South Street which sees a combined traffic count exceeding 29,000 VPD and is directly adjacent Main Street which sees over 24,900 VPD.
Waltham is located within the Massachusetts Supercluster, a global powerhouse of economic activity driven by the dense concentration of biotech, pharma and tech firms. Anchored by world-class institutions like MIT and Harvard, providing a constant stream of talent and research, this area receives billions in funding every year from both venture capital groups and the National Institute of Health.
Don’t miss out on the excellent opportunity to purchase a top performing Walgreens within 16 miles of Boston on a long-term lease with no landlord responsibilities providing effortless cash flows for years to come.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,279 SF
Building Class
C
Year Built
1992
Price
$7,680,174 CAD
Price Per SF
$537.86 CAD
Cap Rate
6.25%
NOI
$480,017 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.23
Lot Size
1.43 AC
Zoning
Business B
Parking
93 Spaces (6.51 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Drive Thru
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | WALT-000058-000020-000007 | Improvements Assessment | $3,382,030 CAD |
| Land Assessment | $2,667,550 CAD | Total Assessment | $6,049,579 CAD |
Property Taxes
Parcel Number
WALT-000058-000020-000007
Land Assessment
$2,667,550 CAD
Improvements Assessment
$3,382,030 CAD
Total Assessment
$6,049,579 CAD
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Walgreens | 20 Weston St
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