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.