For Sale
$10,704,750

336 Bridge StLowell, MA 01850

High-Yield MA Retail Property

Overview

Added:
Dec 11, 2024
Days on market:
118
Exceptional investment opportunity featuring a CVS Pharmacy in Lowell, MA. This single-tenant, 11,948 square foot retail property boasts a strong 5.25% cap rate and a substantial 14.5 years remaining on the absolute NNN lease, with nine five-year renewal options. Built in 2008, the property sits on a 1.3-acre lot and is situated at 336 Bridge St, Lowell, MA 01850. The lease commenced May 15, 2024, and expires May 31, 2039. The property offers a stable, credit-rated tenant with a proven track record. The asking price is $10,704,750, translating to $895.94 per square foot. The current Net Operating Income (NOI) is $562,000. This 24-hour CVS Pharmacy location benefits from high visibility and strong foot traffic in a densely populated area. The property is offered free and clear, presenting a compelling investment opportunity with significant long-term potential. The property consists of one, single-story building.

Highlights

  • $10,704,750 asking price for a stabilized CVS Pharmacy investment.
  • Absolute NNN lease with a credit-rated tenant.
  • 14.5 years remaining on the 15-year lease with nine 5-year renewal options.
  • 11,948 square feet on a 1.3-acre lot in Lowell, MA.
  • 5.25% cap rate with a $562,000 NOI.
  • Built in 2008, single-story building.

Property Details for 336 Bridge St

Property type
Retail properties, Drug stores
Square Feet
11,948 SF
Year Built
2008
Buildings
1
Stories
1
Lot Size (sq. ft)
56,628 SF

Location Insight

City
Lowell
County
Middlesex
State
Massachusetts
Latitude
42.6497075
Longitude
-71.304427
336 Bridge St, Lowell, Massachusetts

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336 Bridge St
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