5 Pierce StGreenfield, MA 01301

Property Details for 5 Pierce St

Year built

2005

Construction

STEEL FRAME

Lot size

1.28 AC

Property size (Sq ft)

14,012 SF

Zone code

LC

Property type

Retail space

APN

GREE M:0081 B:0035 L:0

APU

GREEM0081B0035L0

Description

This exceptional investment opportunity presents a fee-simple interest in a 13,278-square-foot Walgreens pharmacy located at 5 Pierce Street, Greenfield, Massachusetts, 01301. The property boasts a strong 7.80% cap rate and a substantial net operating income (NOI) of $376,800, with an asking price of $4,830,000 ($363.76/sq ft). The Walgreens lease has approximately six years remaining on the base term, plus options, offering significant long-term stability and passive income potential. Situated on a 1.23-acre lot at a signalized intersection, this highly visible building features a convenient drive-thru pharmacy. The property benefits from its location within a thriving retail corridor, surrounded by numerous national brands including McDonald's, CVS, Wendy's, AutoZone, Cumberland Farms, and Dunkin' Donuts. Greenfield, the county seat and commercial center of Franklin County, MA, ensures a strong and consistent customer base for this essential retail establishment. This is a truly passive investment opportunity with no landlord responsibilities, making it an ideal addition to any portfolio seeking strong returns and minimal management overhead. The property's strategic location and established tenant provide a compelling investment proposition with significant upside potential. This is a rare opportunity to acquire a high-performing Walgreens in a desirable market.

Location Insight

City

Greenfield

County

Franklin

State

Massachusetts

Latitude

42.5979

Longitude

-72.597

CBSA code

44140

CBSA name

SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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