CVS Pharmacy | 1479 Newman Ave
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CVS Pharmacy 1479 Newman Ave
12,900 SF Retail Building Seekonk, MA 02771 $14,276,955 CAD ($1,107 CAD/SF) 5.51% Cap Rate
Executive Summary
Atlantic Capital Partners has been exclusively engaged to
solicit offers for the sale of CVS in Seekonk, MA, a freestanding
outparcel to the Stop & Shop on Newman Avenue. This 12,900
SF property was a build-to-suit for CVS moving to an outparcel
position from a long operating history at an in-line location at
the site. The property was constructed in 2013 and the 25-year
primary term with CVS runs through February of 2038, with
10% increase at the onset of first option period.
The offering is absolute NNN lease with zero landlord
responsibilities. The property sits atop 1.87 acres, enjoys
excellent visibility, and serves as a daily needs anchor to the
trade area for the communities outside of Providence, RI. The
property is offered for sale free and clear of any existing debt.
solicit offers for the sale of CVS in Seekonk, MA, a freestanding
outparcel to the Stop & Shop on Newman Avenue. This 12,900
SF property was a build-to-suit for CVS moving to an outparcel
position from a long operating history at an in-line location at
the site. The property was constructed in 2013 and the 25-year
primary term with CVS runs through February of 2038, with
10% increase at the onset of first option period.
The offering is absolute NNN lease with zero landlord
responsibilities. The property sits atop 1.87 acres, enjoys
excellent visibility, and serves as a daily needs anchor to the
trade area for the communities outside of Providence, RI. The
property is offered for sale free and clear of any existing debt.
Data Room Click Here to Access
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,900 SF
Building Class
C
Year Built
2014
Price
$14,276,955 CAD
Price Per SF
$1,107 CAD
Cap Rate
5.51%
NOI
$786,660 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.87 AC
Zoning
LB
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | SEEK-000290-000000-000001C | Improvements Assessment | $2,904,747 CAD |
| Land Assessment | $0 CAD | Total Assessment | $2,904,747 CAD |
PROPERTY TAXES
Parcel Number
SEEK-000290-000000-000001C
Land Assessment
$0 CAD
Improvements Assessment
$2,904,747 CAD
Total Assessment
$2,904,747 CAD
Contacts
-
Eric Suffoletto -
Danny Griffin -
Matt Austin -
Justin Smith -
Chris Peterson -
Sam Koonce -
Atlantic Capital Partners
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CVS Pharmacy | 1479 Newman Ave
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