Cvs

Highlights:

• Long-Term Stability with 10+ Years Remaining - Recent 10-year lease extension demonstrates strong tenant commitment
• NNN Lease Structure | Passive Investment - Absolute NNN lease with minimal landlord responsibilities
• Proven Operating History | Strong Site Commitment - CVS has operated at this location for 20+ years
• Prime Corner Location at a Signalized Intersection - Positioned at the highly visible, signalized intersection of South St and S. Franklin St, offering excellent accessibility and strong traffic exposure
• Drive-Thru Equipped with Generous On-Site Parking
• Corporate Guaranteed Lease - Lease guaranteed by CVS Health Corporation is the nation’s largest pharmacy chain with 9,000+ locations and BBB+ S&P credit rating
• Built-In Rental Growth - Fixed 4% rent increases every 5 years during option periods, enhancing long-term NOI growth
• Dense Demographics - Over 220,000 residents within 5 miles
• Boston Metro Location - Greater Boston MSA, a high-income, supply-constrained suburban market | Excellent regional access via State Routes 37 & 139 and MBTA commuter rail nearby

Description:

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Holbrook is a town in the U.S. state of Massachusetts. It is situated in Norfolk County, roughly 17 miles south of Boston, and covers about 7.4 square miles. As of the 2020 census, Holbrook’s population was 11,405. Holbrook functions as a suburban residential community within the greater Boston metropolitan region. The town benefits from commuter-rail access via the Massachusetts Bay Transportation Authority and is located at the junction of State Routes 37 and 139, providing convenient travel to Boston and surrounding areas.

The local economy is characterized by strong household affluence and a high rate of home‐ownership. As of 2023, the median household income in Holbrook was approximately $107,768, and the median value of owner-occupied housing units was about $436,500. Given its proximity to Boston, strong residential base, and solid income levels, Holbrook stands as an attractive suburban market in the region especially appealing for families, commuters, and investors seeking stable housing demand in Greater Boston’s outer ring.

Greater Boston is the metropolitan region of New England encompassing the municipality of Boston, the capital of the state of Massachusetts and the most populous city in New England, and its surrounding areas, home to 4,941,632. Some of Greater Boston's most well-known contributions involve the region's higher education and medical institutions. Greater Boston has been influential upon American history and industry. The region and the state of Massachusetts are global leaders in biotechnology, health care, engineering, higher education, finance, and maritime trade.

Harvard University in Cambridge is the oldest institution of higher learning in the United States, founded in 1636, with the largest financial endowment of any university, and whose Law School has spawned a contemporaneous majority of United States Supreme Court Justices. Kendall Square in Cambridge has been called "the most innovative square mile on the planet", in reference to the high concentration of entrepreneurial start-ups and quality of innovation which have emerged in the vicinity of the square since 2010. Both Harvard University and the Massachusetts Institute of Technology, also in Cambridge, have been ranked among the most highly regarded academic institutions in the world.

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