CVS Pharmacy - 3.1% Assumable Financing
Retail | 6.25% CAP | 11,900 SqFt
Marketing description
NNN Pro is pleased to present the exclusive listing for a CVS Pharmacy located at 220 Maple St, Middleton, MA 01949. The site consists of roughly 11,900 rentable square feet of building space on an estimated 1.19-acre parcel of land. This CVS Pharmacy is subject to a 26-year Triple Net (NNN) lease, which commenced 2/5/2007. The current annual rent is $594,127 and there is assumable financing available at a 3.10% interest rate.
Investment highlights
Extremely Attractive Assumable Financing Available | This property has assumable financing available at a very attractive 3.10% interest rate. The current loan matures in January 2031 offering a strong return for multiple years.
Zero Landlord Responsibilities | The CVS lease is Absolute Triple-Net. There are zero landlord responsibilities as the tenant is responsible for all property maintenance and expenses.
Rare CVS Rental Increases Every 5 Years | The CVS lease has rent increases every 5 years and in each of the six, five-year option periods providing a growing income stream. The next rent increase is 2.1% in October 2027.
Investment Grade Credit Tenant | CVS Health Corporation is a publicly traded company and the number 6 ranked company in the Fortune 500. CVS exceeded $372 Billion in annual revenue in 2024 and has an investment grade S&P BBB credit rating.
Large 1.19 Acre Lot with Outstanding Access | This CVS property sits on a large 1.19 acre lot and has great visibility and access on Maple St. There are two separate points of ingress and egress providing excellent convenience.
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