Springfield, MA - Walgreens Leasehold

1440 Boston Road, Springfield, MA

$3,011,000

Price

7.5%

Cap Rate

$225,850

NOI

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Street
Map
Overview
Cap Rate
7.5%
NOI
$225,850
Building Size
13,855 sqft
Lot Area
1.61 acres
Description

• Walgreens has successfully operated at this location for 20+ years
• The leasehold features scheduled rental increases, generating additional NOI and providing a hedge against inflation
• The lease is corporate signed by Walgreens, an investment grade (S&P: BBB), nationally recognized and established tenant with over 9,000 locations and 200,000 employees

• Walgreens is located at the signalized, hard corner intersection of Boston Road and Parker Street averaging 68,900 vehicles per day
• The strong residential corridor will provide a consumer base from which to draw
• The dense trade area is supported by several big box retailers such as Lowe’s, The Home Depot, Planet Fitness, ALDI, Staples, Petco, Marshall’s, and more
• The asset has excellent visibility and multiple points of ingress/egress

This listing was syndicated through:

Listing ID: a288X000002m0MMQAY
Location
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