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CVS 676 Southbridge St 10 125 pi² Commerce de détail Immeuble Auburn, MA 01501 6 697 777 $ CAD (661,51 $ CAD/pi²) 6,75% Taux de capitalisation

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Faits saillants de l'investissement

Long Term Lease
Investment Grade Credit
Strategic Retail Location

Scheduled Rent Increases
Zero Management Responsibilities
Limited Competition

Résumé de l'annonce

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the single-tenant CVS investment property located at 676 Southbridge Street in Auburn, Massachusetts (the “Property”). The Property was originally constructed for CVS in 1997 with a 20-year, Triple Net (NNN) Lease; in 2004, CVS demonstrated a strong commitment to the site by modifying their lease to a full 25-year term that expires in 2029. There are currently 3+ years of term remaining on the lease followed by four (4), 5-year renewal options. The lease features attractive 6.0% rent increases at the start of each of the renewal options. CVS is strategically located along Southbridge Street in Auburn’s primary commercial corridor, situated at the signalized intersection with Faith Avenue and Goulding Drive, which provides strong visibility, frontage, and convenient access. The Property benefits from excellent regional connectivity, located near the interchange of Interstate 290 and the Massachusetts Turnpike (I-90), allowing for efficient access to Worcester, Boston, and surrounding Central Massachusetts communities. The surrounding retail environment is well established, with nearby national retailers and traffic generators including BJ’s Wholesale Club, Walmart Supercenter, and the Auburn Mall, all of which contribute to consistent consumer traffic and sustained activity within the trade area.

Faits sur la propriété

Type de vente

Investissement pour loyer hypernet

Type de propriété

Commerce de détail

Sous-type de propriété

Pharmacie

Taille du bâtiment

10 125 pi²

Classe d’immeuble

Année de construction

1997

Prix

6 697 777 $ CAD

Prix par pi²

661,51 $ CAD

Taux de capitalisation

6,75%

Revenu net d’exploitation

452 100 $ CAD

Location

Unique

Hauteur du bâtiment

1 étage

Coefficient d’occupation des sols de l’immeuble

0,18

Taille du lot

1,32 AC

Façade

161’ sur Southbridge St

Ligne d'autobus
Visibilité de l'autoroute

Enseigne sur pylône

Affichage

Intersection avec signalisation

Principaux locataires

Détaillant
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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.