394-400 Park Ave - Drug Store FOR SALE


Worcester, MA 01610
$5,411,000 USD
949-547-2213
394-400 Park Ave, Worcester, MA for Sale
$5,411,000 USD
Drug Store - FOR SALE
1/4
null | 8.75% Cap Rate

394-400 Park Ave
Worcester, MA 01610


HIGHLIGHTS

  • Approximately 11 Years Remaining | Drive Thru Equipped Investment Grade Tenant (S&P: BBB) | 24 Hour Store
  • Absolute NNN | Zero Landlord Responsibilities
  • Signalized, Hard Corner Intersection | Dense Retail Corridor |Close to Clark University & St. Vincent Hospital
  • Numerous Residential Communities in Immediate Vicinity
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the leasehold interest (building ownership) in an absolute NNN leased, investment grade (S&P: BBB), drive-thru equipped, CVS investment property located in Worcester, MA. The tenant has approximately 11 years remaining with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor. CVS Pharmacy is America’s leading retail pharmacy with nearly 10,000 locations across 49 states, District if Columbia and Puerto Rico.

FOR SALE DETAILS

PRICE

$5,411,000 USD

PRICE/SF

$362 USD /SF

CAP RATE

8.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS | Approx 11yrs Abs NNN | DriveThru

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

1.49 AC

LAND SF

64,904 SF

ZONING

BG-6.0 General

APN/PARCEL ID

WORC-000006-000021-000042A

ASK ABOUT THIS PROPERTY

John RedfieldSRS Real Estate PartnersMore Info
949-547-2213

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John RedfieldSRS Real Estate PartnersMore Info
949-547-2213

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