This exceptional Class A retail investment opportunity presents a 14,412 square foot Walgreens pharmacy, built in 2008, located at 235 S Main St, Middleton, MA 01949. Boasting a strong 6.6% cap rate and a substantial $500,000 NOI, this property offers a secure, long-term investment with a remaining lease term of 10 years, plus 50 years of additional options, extending to 2034. The property sits on a 112,761 square foot lot and is zoned M1. The asking price is $7,500,000, translating to a price per square foot of $520.40. This Walgreens benefits from a prime location in a high-traffic area, directly across from a Market Basket anchored plaza and near other prominent retailers including TJ Maxx, Bob's Stores, JoAnn Fabrics, Starbucks, and a Chase bank branch. The property's strategic placement within a thriving retail corridor, coupled with the presence of a recently built 99 Restaurant, ensures consistent high visibility and customer traffic. Middleton, MA, boasts a strong demographic profile, with a median household income of $166,215, supporting robust consumer spending. The Walgreens location is ranked highly in terms of customer visits, further underscoring its exceptional performance and potential for continued growth. This is an absolute NNN lease, offering a passive income stream with minimal landlord responsibilities. The property has a 100% occupancy rate since its opening in April 2009. This is a rare opportunity to acquire a high-performing, well-located Walgreens with significant long-term growth potential.
Highlights
14,412 SF Walgreens pharmacy built in 2008, 100% occupied.
NNN lease expiring in 2034.
29,000 vehicles per day (VPD).
Strong retail location near Market Basket, Chase, TJ Maxx, Starbucks, and Home Depot.
The property is located at 235 Main St Middleton, MA.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: 14,412 SF Walgreens pharmacy built in 2008, 100% occupied.; NNN lease expiring in 2034.; 29,000 vehicles per day (VPD).
How can I contact the broker?
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Main St Middleton, MA 01949
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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235 Main St
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