CVS | 219 Lincoln Ave
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CVS 219 Lincoln Ave
13,013 SF Retail Building Haverhill, MA 01830 $5,351,954 CAD ($411.28 CAD/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Long Term Lease
- Zero Landlord Responsibilities
- Rare & Attractive Rent Increases
- Strategic Retail Location
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single-tenant CVS Ground Lease located at 211 Lincoln Avenue in Haverhill, Massachusetts (the “Property”). CVS has 17+ years remaining on their Absolute NNN Ground Lease with five (5), 5-year renewal options. The CVS lease calls for attractive rent increases at the start of each of their renewal options. CVS is a pad site within River’s Edge Plaza, a Market Basket anchored shopping center positioned on the west side of Haverhill. CVS benefits from outstanding visibility, frontage and access along Lincoln Avenue (MA Route 113), the area’s primary commuter corridor. The Property is positioned along the banks of the Merrimack River and is adjacent to Riverside Park and Trinity Stadium, and seconds from Marrianna’s Marina. The Property is surrounded by residential neighborhoods that provide a built-in customer base and is 0.5-miles from Holy Family Hospital. The Property is also just 2.5 miles from Downtown Haverhill.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,013 SF
Building Class
B
Year Built
2015
Price
$5,351,954 CAD
Price Per SF
$411.28 CAD
Cap Rate
5.50%
NOI
$294,357 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.61 AC
Frontage
188’ on Lincoln Ave
AMENITIES
- Pylon Sign
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $12,566,759 CAD | |
| Land Assessment | $6,135,097 CAD | Total Assessment | $18,701,856 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$6,135,097 CAD
Improvements Assessment
$12,566,759 CAD
Total Assessment
$18,701,856 CAD
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CVS | 219 Lincoln Ave
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