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1329 Hyde Park Ave
Hyde Park, MA 02136

WALGREENS (New Branding) · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Drug Store
Building Size
13,663 SF
Building Class
B
Year Built
1999
Tenancy
Single
Number of Floors
1
Building FAR
1.00
Lot Size
0.31 AC
Zoning
Commercial
Parking
56 Spaces (4.13 Spaces per 1,000 SF Leased)
Frontage
109 ft on Hyde Park Avenue

Amenities

  • Bus Route
  • Commuter Rail
  • Drive Thru

About 1329 Hyde Park Ave , Hyde Park, MA 02136

NEW WALGREEN'S BRANDING! Stan Johnson Company is pleased to present to qualified investors the opportunity to acquire the Walgreens facility located at 1329 Hyde Park Avenue in Boston, Massachusetts (the "Property"). The Property is 100% leased and occupied by Walgreen Co. (the "Tenant") under an Absolute NNN Lease. This NNN investment offers zero landlord obligations, 10+ years remaining on the initial 20-year lease term and up to 40 years of renewal options. Walgreens Boots Alliance (NASDAQ: WBA) is the first global pharmacy-led, health and wellbeing enterprise in the world. Walgreens Boots Alliance currently holds a Standard & Poor’s credit rating of BBB/Stable. Dating back more than 100 years, Walgreens is the largest drugstore chain in the U.S., with more than 8,100 drugstores throughout all 50 states. The company employs over 400,000 people and has a presence in more than 25 countries, making it the largest retail pharmacy, health and daily living destination in the USA and Europe. Additionally, Walgreens Boots Alliance is the world’s largest purchaser of prescription drugs and many other health and wellbeing products. Walgreens Buyout of Rite Aid: In early 2018, the Hyde Park location was included in the buyout by Walgreens, officially transferring this store from a Rite Aid to Walgreens. This location has already transitioned to Walgreens management and over the next 12-18 months, products, services, the pharmacy and the front-store will be fully converted to Walgreens infrastructure and branding. WALGREENS BUYOUT OF RITE AID: In early 2018, the Hyde Park location was included in the buyout by Walgreens, officially transferring this store from a Rite Aid to Walgreens. This location has already transitioned to Walgreens management and over the next 12-18 months, products, services, the pharmacy and the front-store will be fully converted to Walgreens infrastructure and branding. HYDE PARK STATION: The Hyde Park Train Station runs parallel to Hyde Park Avenue, with Walgreens directly between the two high points of exposure. The Northeast Corridor serves the Providence/Stoughton Line and Franklin Line. In addition to the daily commuter rail foot traffic, Walgreens is also exposed to over 18,900 VPD along Hyde Park Avenue. LONG TERM INVESTMENT: With over 10 years remaining on the original term and 40 years of options, this gives an investor the opportunity to make a long term investment. RENT INCREASES: The structure of the lease offers 10% increases in the rent every 10 years, and through the option periods. ZERO LANDLORD RESPONSIBILITIES: The Absolute NNN lease structure offers the landlord zero obligations. The Tenant is responsible for all real estate taxes, insurance, utilities and maintaining the premises. INVESTMENT CREDIT TENANT: (NASDAQ: WBA) Walgreen Co. holds a BBB/Stable rating by Standard and Poor’s, reported total revenue of $118.2 billion and net worth of $27.4 billion.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • HYDE-000000-000018-009278
  • HYDE-000000-000018-009283
  • HYDE-000000-000018-009277
  • HYDE-000000-000018-009282-000001
  • HYDE-000000-000018-009281
  • HYDE-000000-000018-009282
Land Assessment
£1,206,009
Improvements Assessment
£2,047,589
Total Assessment
£3,253,598
  • Listing ID: 13816309

  • Date on Market: 18/09/2018

  • Last Updated:

  • Address: 1329 Hyde Park Ave, Hyde Park, MA 02136

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