219 Lincoln Ave - Drug Store FOR SALE


Haverhill, MA 01830- North Haverhill
$3,727,273 USD
781-776-4003
219 Lincoln Ave, Haverhill, MA for Sale
$3,727,273 USD
Drug Store - FOR SALE
1/6
null | 5.5% Cap Rate

219 Lincoln Ave
Haverhill, MA 01830
North Haverhill


HIGHLIGHTS

  • Long Term Lease
  • Rare & Attractive Rent Increases
  • Zero Landlord Responsibilities
  • Strategic Retail Location

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single-tenant CVS Ground Lease located at 211 Lincoln Avenue in Haverhill, Massachusetts (the “Property”). CVS has 17+ years remaining on their Absolute NNN Ground Lease with five (5), 5-year renewal options. The CVS lease calls for attractive rent increases at the start of each of their renewal options. CVS is a pad site within River’s Edge Plaza, a Market Basket anchored shopping center positioned on the west side of Haverhill. CVS benefits from outstanding visibility, frontage and access along Lincoln Avenue (MA Route 113), the area’s primary commuter corridor. The Property is positioned along the banks of the Merrimack River and is adjacent to Riverside Park and Trinity Stadium, and seconds from Marrianna’s Marina. The Property is surrounded by residential neighborhoods that provide a built-in customer base and is 0.5-miles from Holy Family Hospital. The Property is also just 2.5 miles from Downtown Haverhill.

FOR SALE DETAILS

PRICE

$3,727,273 USD

PRICE/SF

$286 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.61 AC

LAND SF

70,132 SF

ZONING

-

APN/PARCEL ID

HAVE-000408-000002-000005

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.