Property Details

CVS Pharmacy

Lynn, MA
Property ID: 11816

Financial Summary

Asking Price $11,645,000
Cap Rate 5.00%
Net Operating Income (NOI) $582,323
Lease Type NN
Lease Term Remaining 21 Years

Offering Memorandum

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Andrew Fallon
Executive Managing Director
Richard Murphy, CCIM
Managing Director

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  • 21+ years remaining in the primary lease term with an additional five (5), five (5) year option periods
  • Long term lease is guaranteed by CVS Caremark Corporation
  • Dense in-fill location with population counts of 140,000 in 3 miles and part of the Boston MSA
  • Investment grade credit (S&P: BBB)
  • Hard signalized corner with multiple points of ingress/egress
  • New 2015 construction; open 24 hours per day with drive-thru

Net Lease Advisor

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65 Boston Street
Lynn, MA

Traci BidingerCVS Pharmacy