158 Main St - Drug Store FOR SALE


North Reading, MA 01864
$6,088,889 USD
781-776-4003
158 Main St, North Reading, MA for Sale
$6,088,889 USD
Drug Store - FOR SALE
1/7
null | 9% Cap Rate

158 Main St
North Reading, MA 01864


HIGHLIGHTS

  • Long Term Lease
  • Zero Management Responsibilities
  • Investment Grade Credit
  • Strategic Retail Location
  • High Traffic Coiunts
  • Affluent Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the single-tenant, absolute triple-net leased Walgreens located at 158 Main Street in North Reading, Massachusetts (the “Property”). Walgreens has occupied this Property since it was constructed in 2008 and they have 8+ years remaining on an absolute triple-net lease with fifty (50), 1-year renewal options. The Property is situated on a highly visible corner parcel at the signalized intersection of Main Street (MA Route 28) and MA Route 62, two of the area’s primary commercial and commuter corridors. The Property enjoys outstanding visibility and frontage and benefits from three points of access. The Property is ideally situated along Main Street positioned directly in between the town’s two larger shopping centers. Walgreens is 0.7-miles from the Stop & Shop anchored Atlantic Plaza and 0.7-miles from the Walmart anchored North Reading Plaza. Additionally, Walgreens is 1.6-miles from MA Route 125 and 2-miles from Interstate 93. The North Reading Middle and High Schools are also just 2-miles from the Property.

FOR SALE DETAILS

PRICE

$6,088,889 USD

PRICE/SF

$420 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.71 AC

LAND SF

74,488 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Robert HorvathHorvath & TremblayMore Info
781-776-4003

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Robert HorvathHorvath & TremblayMore Info
781-776-4003

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