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418 Quincy Ave 13,656 SF Retail Building Quincy, MA 02169 $8,218,215 CAD ($601.80 CAD/SF) 6% Cap Rate

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Executive Summary

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of the Walgreens located at 418 Quincy Avenue in Quincy, Massachusetts. The offering features a rare and newly restructured lease with Walgreens with rent increases throughout the primary term and lease option periods. Walgreens has maintained a long
operating history at the site since 1997, with a new 15-year absolute NNN that commenced in 2023 and runs through February of 2038.
The property is situated on an oversized 1.78-acre parcel and enjoys excellent visibility and accessibility along Quincy Avenue, with nearly 35,000 vehicles per day passing the site. The offering benefits from its positioning within a dense, affluent, and high-barrier to- entry market located just 9 miles south of Boston, with 126,000 residents in a 3-mile radius with average household incomes of approximately $135,000.

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Drug Store

Building Size

13,656 SF

Building Class

Year Built

1997

Price

$8,218,215 CAD

Price Per SF

$601.80 CAD

Cap Rate

NOI

$493,093 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.17

Lot Size

1.87 AC

Opportunity Zone

Yes

Zoning

BUSB

Parking

50 Spaces (3.66 Spaces per 1,000 SF Leased)

Frontage

293’ on Quincy Ave

Bus Line
Pylon Sign

Signalized Intersection

Drive Thru

Car Charging Station

Major Tenants

Retailer
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Walgreens is a major U.S. pharmacy and retail chain founded in 1901 in Chicago, Illinois. The company operates thousands of locations across the United States, providing prescription medications, over-the-counter drugs, health and wellness products, and convenience items. Walgreens also offers services such as immunizations, health screenings, and photo processing. The company has expanded its healthcare offerings through partnerships and in-store clinics, aiming to integrate pharmacy services with broader health solutions. Walgreens is part of Walgreens Boots Alliance, a global pharmacy-led health and wellbeing enterprise.