Walgreens | 5 Pierce St
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Walgreens 5 Pierce St
13,278 SF Retail Building Greenfield, MA 01301 £3,779,234 (£285/SF) 7.80% Net Initial Yield
Investment Highlights
- Established Walgreens with 6 years of committed term remaining
- Greenfield is the commercial hub of Franklin County and is an important community from a pharmacy coverage perspective
- Drive thru pharmacy
- Great location at the signalized corner of Pierce and Federal Street
- Sited within the busy Federal Street retail corridor
- No landlord responsibilities
Executive Summary
The KeyPoint Investment Sales Team has been exclusively engaged to sell the fee simple interest in 5 Pierce Street in Greenfield, MA This passive investment has no landlord responsibilities. The store enjoys both good sales and a great location. Walgreens has approximately 6 years of base term plus options.
Greenfield, the county seat and commercial hub of Franklin County, is located in the northwestern part of the state about 35 miles north of Springfield, MA. The 1.23 acre site is nicely positioned at a signalized hard corner and is improved with a highly visible 13,278 SF building with a drive thru pharmacy. There are numerous name brand retailers in the immediate vicinity including McDonald’s, CVS, Wendy’s, Autozone, Cumberland Farms, and Dunkin Donuts.
Greenfield, the county seat and commercial hub of Franklin County, is located in the northwestern part of the state about 35 miles north of Springfield, MA. The 1.23 acre site is nicely positioned at a signalized hard corner and is improved with a highly visible 13,278 SF building with a drive thru pharmacy. There are numerous name brand retailers in the immediate vicinity including McDonald’s, CVS, Wendy’s, Autozone, Cumberland Farms, and Dunkin Donuts.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,278 SF
Building Class
B
Year Built
2004
Price
£3,779,234
Price Per SF
£285
Net Initial Yield
7.80%
NOI
£294,780
Tenancy
Single
Number of Floors
1
Building FAR
0.24
Lot Size
1.28 AC
Zoning
LC
Parking
53 Spaces (3.99 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | GREE-000081-000035 | Improvements Assessment | £1,550,738 |
| Land Assessment | £267,285 | Total Assessment | £1,818,023 |
PROPERTY TAXES
Parcel Number
GREE-000081-000035
Land Assessment
£267,285
Improvements Assessment
£1,550,738
Total Assessment
£1,818,023
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Walgreens | 5 Pierce St
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