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Top Retail Location in Middleton, MA 235 S Main St

14,412 SF Retail Building Middleton, MA 01949 $10,631,025 CAD ($738 CAD/SF) 6.67% Cap Rate

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Investment Highlights

Lease expiration 2034
Area retailers: Market Basket, Chase, TJ Maxx, Starbucks, Home Depot

29,000 VPD
Median Household Income: $166,215

Executive Summary

Excellent drive-through Walgreens located at 235 S Main St, Middleton, MA, with 10 years of initial lease term remaining and 50 years in additional options. Newly built in 2008, the site is directly across from a Market Basket grocery anchored plaza. TJ Maxx, Bob's Stores, JoAnn Fabrics, adjacent to a drive-through Starbucks, Chase bank branch, and recently built 99 Restaurant. 235 S. Main Street is one of the busiest retail locations in Middleton, Massachusetts. Placer.ai ranks this Walgreens site as 86th in visits out of 200 stores in Massachusetts and 5,017 out of 7,578 stores by visits nationwide. Middleton is home to 9,912 residents with a median household income of $166,215.

Walgreens _ 10 Year Term _ Middleton_ MA-2

Property Facts

Sale Type

Investment

Sale Condition

1031 Exchange

Property Type

Retail

Property Subtype

Freestanding

Building Size

14,412 SF

Building Class

Year Built

2009

Price

$10,631,025 CAD

Price Per SF

$738 CAD

Cap Rate

6.67%

NOI

$708,735 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.13

Land Acres

2.59 AC

Zoning

Parking

54 Spaces (3.75 Spaces per 1,000 SF Leased)

Frontage

132 ft on S Main St

Amenities

Drive Thru

Retailer
-
$9.99
Lorem Ipsum
Jan 0000

Walgreens is a trusted and convenient local health destination that millions of Americans rely on every day. Their founder, Charles R. Walgreen Sr., was known for finding new ways to connect with customers on a personal level and treating each person like a guest in his own home. For over a century, they have expanded that personal connection through their network of neighborhood pharmacies and their innovative health services and products. The foundation for all of this is their trusted pharmacy expertise, and their team members who provide essential care that helps people achieve better health outcomes at an affordable cost.

Tenant	Industry	SF OCCUPIED	RENT/SF	Lease Type		Lease End
	Retailer	-	$9.99	Lorem Ipsum		Jan 0000

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235 S Main St, Middleton, MA - aerial map view - Image8

235 S Main St, Middleton, MA - aerial map view - Image9

PROPERTY TAXES

Parcel Numbers	Multiple MIDD-000033-000000-000031 MIDD-000033-000000-000031B	Improvements Assessment	$5,392,477 CAD
Land Assessment	$4,670,435 CAD	Total Assessment	$10,062,912 CAD