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CVS 842 S Franklin St 14,894 SF Retail Building Holbrook, MA 02343 $9,094,233 CAD ($610.60 CAD/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term Stability with 10+ Years Remaining - Recent 10-year lease extension demonstrates strong tenant commitment
- Proven Operating History | Strong Site Commitment - CVS has operated at this location for 20+ years
- Drive-Thru Equipped with Generous On-Site Parking
- NNN Lease Structure | Passive Investment - Absolute NNN lease with minimal landlord responsibilities
- Prime Corner Location at a Signalized Intersection - Positioned at the highly visible, signalized intersection of South St and S. Franklin St
- Corporate Guaranteed Lease - Lease guaranteed by CVS Health Corporation is the nation’s largest pharmacy chain with 9,000+ locations and BBB+ S&P
EXECUTIVE SUMMARY
Long-Term Stability with 10+ Years Remaining - Recent 10-year lease extension demonstrates strong tenant commitment
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,894 SF
Building Class
B
Year Built
2005
Price
$9,094,233 CAD
Price Per SF
$610.60 CAD
Cap Rate
6.75%
NOI
$613,818 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
1.38 AC
Zoning
B1
Parking
56 Spaces (3.76 Spaces per 1,000 SF Leased)
Frontage
150’ on South Street
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Number | HOLB-000052-000000-000006-000001 | Improvements Assessment | $3,225,272 CAD |
| Land Assessment | $786,402 CAD | Total Assessment | $4,011,675 CAD |
PROPERTY TAXES
Parcel Number
HOLB-000052-000000-000006-000001
Land Assessment
$786,402 CAD
Improvements Assessment
$3,225,272 CAD
Total Assessment
$4,011,675 CAD
CONTACTS
-
Deno Bistolarides -
Marcel Sarkisian -
Brandon Abdelnour -
Brandon Hanna -
Encore Real Estate Investment Services
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CVS | 842 S Franklin St
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