Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of CVS in Seekonk, MA, a freestanding outparcel to the Stop & Shop on Newman Avenue. This 12,900 SF property was a build-to-suit for CVS moving to an outparcel position from a long operating history at an in-line location at the site. The property was constructed in 2013 and the 25-year primary term with CVS runs through February of 2038, with 10% increase at the onset of first option period.
The offering is an absolute NNN lease with zero landlord responsibilities. The property sits atop 1.87 acres, enjoys excellent visibility, and serves as a daily needs anchor to the
trade area for the communities outside of Providence, RI. The property is offered for sale free and clear of any existing debt.