1479 Newman Ave - Drug Store FOR SALE


Seekonk, MA 02771
$9,982,000 USD
508-272-0585
1479 Newman Ave, Seekonk, MA for Sale
$9,982,000 USD
Drug Store - FOR SALE
1/12
null | 5.51% Cap Rate

1479 Newman Ave
Seekonk, MA 02771


OVERVIEW

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 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.

FOR SALE DETAILS

PRICE

$9,982,000 USD

PRICE/SF

$774 USD /SF

CAP RATE

5.51%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.87 AC

LAND SF

81,457 SF

ZONING

LB

APN/PARCEL ID

SEEK-000290-000000-000001C

ASK ABOUT THIS PROPERTY

Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.