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CVS | Approx 11yrs Abs NNN | DriveThru 394-400 Park Ave

14,952 SF 4-Star Retail Building Worcester, MA 01610 $5,411,000 ($362/SF) 8.75% Cap Rate

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INVESTMENT HIGHLIGHTS

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

Absolute NNN | Zero Landlord Responsibilities
Numerous Residential Communities in Immediate Vicinity

EXECUTIVE SUMMARY

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.

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Drug Store

Building Size

14,952 SF

Building Class

LoopNet Rating

4 Star

Year Built

2009

Price

$5,411,000

Price Per SF

$362

Cap Rate

8.75%

NOI

$473,489

Tenancy

Single

Building Height

1 Story

Building FAR

0.23

Lot Size

1.49 AC

Opportunity Zone

Yes

Zoning

BG-6.0 General

Parking

28 Spaces (4.61 Spaces per 1,000 SF Leased)

Frontage

182 FT on Park Ave

AMENITIES

Bus Line
Corner Lot

Signage
Signalized Intersection

Drive Thru

Air Conditioning

Retailer
99,999 SF
-
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CVS Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.