CVS Pharmacy | Lowell, MA
Retail | 6.50% CAP | 12,158 SqFt
Marketing description
SRS Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, 24-hour, freestanding, CVS (S&P: BBB) located in Lowell, MA. CVS has operated at the site for 16 years and recently executed a new 15-year lease extension, leaving approximately 14 years remaining and 9 (5-year) renewal options, demonstrating the tenant’s long-term commitment to the location. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. CVS Pharmacy is America’s leading retail pharmacy with over 9,000 locations across 49 states. The site ranks in the top 98th percentile of stores nationwide, per Placer.Ai.
Investment highlights
Recent 15-Year Extension | 16+ Years of Operating History | Investment Grade Tenant (S&P: BBB) | Top 98% (Placer.AI)
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Strong Demographics In 5-Mile Trade Area | Affluent Trade Area
University of Massachusetts Lowell (16,770 Students) | Near the Award-Winning Lowell General Hospital (445 Beds)
Signalized, Hard Corner Intersection | Dense Retail Corridor
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
