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Cumberland Farms 650 South St 2,784 SF 4-Star Retail Building Wrentham, MA 02093 $13,869,021 CAD ($4,981.69 CAD/SF) 5.65% Cap Rate
INVESTMENT HIGHLIGHTS
- Long Term Net Leases
- Ideal Corporate Guarantees
- Large Lot with Excellent Visibility
- Attractive Rental Increases
- Incredibly Attractive Assumable Mortgage
- Minimal Landlord Responsibilities
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a CVS Pharmacy and a Cumberland Farms located at 650& 652 South St, Wrentham, MA 02093. The CVS consists of roughly 13,111 rentable square feet of building space on an estimated 2.83-acre parcel of land. This CVS Pharmacy is subject to a 20-year Double Net (NN) lease, which commenced 3/25/2019. The current annual rent is $411,750 and has scheduled increases of 5.00% in options 2 through 5. The Cumberland Farms consists of roughly 5,784 square feet on an estimated 1.14-acre parcel of land. This Cumberland Farms is subject to a 20-year Triple Net (NNN) Ground lease with commenced on 8/7/2019. The current annual rent is $149,600 and has scheduled increases of 10% every 5 years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,784 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2019
Price
$13,869,021 CAD
Price Per SF
$4,981.69 CAD
Cap Rate
5.65%
NOI
$783,600 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.14 AC
Zoning
B-1 10 - Commercial
Parking
36 Spaces (12.93 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | WREN-000007K-000003-000001 | Improvements Assessment | $6,008,572 CAD |
| Land Assessment | $2,766,740 CAD | Total Assessment | $8,775,312 CAD |
PROPERTY TAXES
Parcel Number
WREN-000007K-000003-000001
Land Assessment
$2,766,740 CAD
Improvements Assessment
$6,008,572 CAD
Total Assessment
$8,775,312 CAD
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Cumberland Farms | 650 South St
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