www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
23303298
23303297

650 South St, Wrentham, MA 02093

GK
NY 49KU1129178
SURMOUNT
AD
NY 10401294012
SURMOUNT
JK
NY NY 10401294056
SURMOUNT
SH
NY10401370869
SURMOUNT
Listed by SURMOUNT
$9,355,833
426 days on market
Updated 16 days ago

Cumberland Farms & CVS Pharmacy

Details
Property Type Retail
Sub Type Convenience Store
Square Footage 5,784
Cap Rate 6%
NOI $561,350
Occupancy 100%
Tenancy Single
Brand/Tenant CVS Pharmacy & Cumberland Farms
Lease Type NNN
Lease Term 20.1
Lease Expiration 08/30/2039
Remaining Term 13.2
Year Built 2019
Acreage 1.140
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/06/2019
Ownership Fee Simple

Retail | 6.00% CAP | 5,784 SqFt

Marketing description

NNN Pro is pleased to present the exclusive listing for a CVS Pharmacy and a Cumberland Farms located at 650& 652 South St, Wrentham, MA 02093. The CVS consists of roughly 13,111 rentable square feet of building space on an estimated 2.83-acre parcel of land. This CVS Pharmacy is subject to a 20-year Double Net (NN) lease, which commenced 3/25/2019. The current annual rent is $411,750 and has scheduled increases of 5.00% in options 2 through 5. The Cumberland Farms consists of roughly 5,784 square feet on an estimated 1.14-acre parcel of land. This Cumberland Farms is subject to a 20-year Triple Net (NNN) Ground lease with commenced on 8/7/2019. The current annual rent is $149,600 and has scheduled increases of 10% every 5 years.

Investment highlights

  • Long Term Net Leases | CVS has over 14.5 years of lease term remaining with five, five-year options. Cumberland Farms has approximately 14 years of term remaining with four, five year options.

  • Attractive Rental Increases | Cumberland Farms has 10% rental increases every five years, and CVS has rare 5% rental increases at the beginning of its option periods providing a strong hedge against inflation.

  • Ideal Corporate Guarantees | The leases features corporate guarantees from CVS, the 6th company on Forbes' Fortune 500 (S&P: BBB), and Cumberland Farms with over 1,500 retail locations across Connecticut, Florida, Massachusetts, Maine, New York, New Hampshire, Rhode Island, and Vermont.

  • Incredibly Attractive Assumable Mortgage | 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.

  • Large Lot with Excellent Visibility | The two buildings sit on a large 3.97-acre lot with three points of egress and ingress, ample parking, and excellent visibility on South Street with approximately 15,500 daily vehicles passing the site daily.

  • Minimal Landlord Responsibilities | Cumberland Farms is an absolute NNN ground lease with zero responsibilities, while the landlord's responsibilities on the CVS are limited to roof, structure, slab and loading docks. Overall, this investment is incredibly passive.

Listing Contacts

GK
NY 49KU1129178
SURMOUNT
AD
NY 10401294012
SURMOUNT
JK
NY NY 10401294056
SURMOUNT
SH
NY10401370869
SURMOUNT
Listed by SURMOUNT

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$561,350.00
$46,779.17/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

Map

Zoning

Intelligence Badge
B-1 CommercialRetail CommercialRetail Business District 1
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 75 uses
View all 75 uses
Last updated Feb 27, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Brian Brockman
License
1000169
Brokerage
Bang Realty-New England, Inc
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591