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Walgreens 235 S Main St

14,412 SF Retail Building Middleton, MA 01949 £5,917,500 (£411/SF) 6.67% Net Initial Yield

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Investment Highlights

Lease expiration 2034
Area retailers: Market Basket, Chase, TJ Maxx, Starbucks, Home Depot

29,000 VPD
Median Household Income: $166,215

Executive Summary

Excellent drive-through Walgreens located at 235 S Main St, Middleton, MA, with 10 years of initial lease term remaining and 50 years in additional options. Newly built in 2008, the site is directly across from a Market Basket grocery anchored plaza. TJ Maxx, Bob's Stores, JoAnn Fabrics, adjacent to a drive-through Starbucks, Chase bank branch, and recently built 99 Restaurant. 235 S. Main Street is one of the busiest retail locations in Middleton, Massachusetts. Placer.ai ranks this Walgreens site as 86th in visits out of 200 stores in Massachusetts and 5,017 out of 7,578 stores by visits nationwide. Middleton is home to 9,912 residents with a median household income of $166,215.

Walgreens _ 10 Year Term _ Middleton_ MA-2

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

14,412 SF

Building Class

Year Built

2009

Price

£5,917,500

Price Per SF

£411

Net Initial Yield

6.67%

NOI

£394,500

Tenancy

Single

Number of Floors

Building FAR

0.13

Land Acres

2.59 AC

Zoning

Parking

54 Spaces (3.75 Spaces per 1,000 SF Leased)

Frontage

132 ft on S Main St

Amenities

Drive Thru

1 of 1

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235 S Main St, Middleton, MA - aerial map view - Image9

PROPERTY TAXES

Parcel Numbers	Multiple MIDD-000033-000000-000031 MIDD-000033-000000-000031B	Improvements Assessment	£3,045,856
Land Assessment	£2,638,021	Total Assessment	£5,683,877