5 Pierce St - Drug Store FOR SALE


Greenfield, MA 01301
$4,830,000 USD
781-418-6225
5 Pierce St, Greenfield, MA for Sale
$4,830,000 USD
Drug Store - FOR SALE
1/1
null | 7.8% Cap Rate

5 Pierce St
Greenfield, MA 01301


HIGHLIGHTS

  • Established Walgreens with 6 years of committed term remaining
  • Great location at the signalized corner of Pierce and Federal Street
  • Greenfield is the commercial hub of Franklin County and is an important community from a pharmacy coverage perspective
  • Sited within the busy Federal Street retail corridor
  • Drive thru pharmacy
  • No landlord responsibilities

OVERVIEW

The KeyPoint Investment Sales Team has been exclusively engaged to sell the fee simple interest in 5 Pierce Street in Greenfield, MA This passive investment has no landlord responsibilities.  The store enjoys both good sales and a great location. Walgreens has approximately 6 years of base term plus options. Greenfield, the county seat and commercial hub of Franklin County, is located in the northwestern part of the state about 35 miles north of Springfield, MA. The 1.23 acre site is nicely positioned at a signalized hard corner and is improved with a highly visible 13,278 SF building with a drive thru pharmacy.  There are numerous name brand retailers in the immediate vicinity including McDonald’s, CVS, Wendy’s, Autozone, Cumberland Farms, and Dunkin Donuts.

FOR SALE DETAILS

PRICE

$4,830,000 USD

PRICE/SF

$364 USD /SF

CAP RATE

7.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

53

LAND DETAILS

LAND ACRES

1.28 AC

LAND SF

55,757 SF

ZONING

LC

APN/PARCEL ID

GREE-000081-000035

ASK ABOUT THIS PROPERTY

Jonathan AronKeyPoint Partners, LLCMore Info
781-418-6225

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Jonathan AronKeyPoint Partners, LLCMore Info
781-418-6225

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