Walgreens 220 Huttleston Ave
15,120 SF Retail Building Fairhaven, MA 02719 $4,531,034 ($300/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Approximately 8 (Eight) Years of Lease Term Remaining| Minimal Landlord Responsibilities
- Eight (8), Five (5) Year Options | Potential To Extend Lease An Additional 40 Years
- Corporate Guarantee | $139 Billion Revenue Company
EXECUTIVE SUMMARY
NNN Pro Group is pleased to present the exclusive listing for a Walgreens located at 220 Huttleston Ave in Fairhaven, MA. The site consists of roughly 15,120 rentable square feet of building space on estimated 1.70-acre parcel of land. This Walgreens has eight (8) years of term remaining on it’s double-net lease. The annual rent is $328,500 and will remain flat throughout the base term and in each of the eight (8), five (5) year options.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
15,120 SF
Building Class
C
Year Built
2002
Price
$4,531,034
Price Per SF
$300
Cap Rate
7.25%
NOI
$328,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.70 AC
Zoning
BUS, Fairhaven - Central Business District
Parking
55 Spaces (3.64 Spaces per 1,000 SF Leased)
Frontage
216’ on Narragansett Boulevard
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,979,900 | |
| Land Assessment | $3,373,900 | Total Assessment | $6,353,800 |
