CVS Pharmacy Drug
For Sale
Contact for pricing
104 Front Street, Scituate, MA 02066
Retail pharmacy property subject to a Triple Net lease with scheduled 6.00% increases in options.
Property Size12,520 SF
Lot Size0.09 Acres
Price / SF$504.79
Days on Market21
Property Features for 104 Front Street
General Information
Standard status
Active
Size
12,520 SF
Lot size
0.09 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$395,000
Additional Details
Gross Income
$395,000
Building Details
Tenancy
Single
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Stewart Hickey · License #NY10401370869
Source:
Crexi
Added: Aug 12
Changed: Aug 29
Last Checked: Aug 31 at 5:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SURMOUNT
Investment Insights
Based on property information with market context.
The property is a CVS Pharmacy retail asset at 104 Front Street in Scituate, Massachusetts. It includes approximately 12,520 rentable square feet within an estimated .09-acre parcel.
The property is subject to a 10-year Triple Net lease that commenced 9/25/2003. Scheduled increases of 6.00% apply during option periods.
The property is subject to a 10-year Triple Net lease that commenced 9/25/2003. Scheduled increases of 6.00% apply during option periods.
Key Highlights
- CVS Pharmacy retail asset at 104 Front Street, Scituate, MA 02066
- Approximately 12,520 rentable square feet of building space
- Estimated .09‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$231,422
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,628,440
$4.6M
Cap Rate 7%
$3,306,029
$3.3M
Cap Rate 9%
$2,571,356
$2.6M
Market Conditions
NOI Build-Up for 12,520 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$315.5K $25.20/SF
− Vacancy
−$6.9K −$0.55/SF
EGI
$308.6K $24.65/SF
− OpEx
−$77.1K −$6.16/SF
NOI
$231.4K $18.48/SF
Area
Plymouth County, MA
Vacancy
2.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,628,440
Cap Rate 7%
$3,306,029
Cap Rate 9%
$2,571,356
Alternative Uses
Best Use
Specialty Retail
$3.31M
$2.89M – $3.86M
NOI $231,422 @ 7.0% cap · market cap 3.66%
Second Best
Retail
$2.94M
$2.57M – $3.43M
NOI $205,709 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$7.41M
$6.49M – $8.65M
NOI $518,826 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 02066, MA
18,561
Population
8,032
Households
2.3
Avg Household Size
47
Median Age
67%
College-Educated
98%
High-School Grad
16.5 sq mi
ZIP Area
1,125
Density / Sq Mi
$131,889
Median Household Income
$64,375
Median Earnings
$1,579
Median Rent
$789,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- CVS — 100 Front St, Scituate, MA 02066
- Donny Nguyen — 100 Front St, Scituate, MA 020661316
- CVS Pharmacy — Harbor Mall, 100 Front St, Scituate, MA 02066
Frequently Asked Questions
What type of property is this?
Drug store - Retail pharmacy property subject to a Triple Net lease with scheduled 6.00% increases in options.
Where is this drug store located?
The property is located at 104 Front Street Scituate, MA.
What is the asking price?
The asking price for this property is $6,320,000.
What are key features of this property?
This property features: CVS Pharmacy retail asset at 104 Front Street, Scituate, MA 02066; Approximately 12,520 rentable square feet of building space; Estimated .09‑acre parcel
