Building Details

Tenancy Single

Listing Agency: SURMOUNT

Listed By: Glen Kunofsky · License #NY 49KU1129178 Show Phone

Source: Crexi

Added: Aug 12 Changed: Oct 14 Last Checked: Oct 16 at 7:39AM

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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.

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 / Yr

$231,422

Cap Rate

3.81%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,628,440 $4.6M

Cap Rate 7%

$3,306,029 $3.3M

Cap Rate 9%

$2,571,356 $2.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 12,520 SF

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 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 (±1% cap)

NOI $231,422 @ 7.0% cap · market cap 3.81%

Second Best

Retail

$2.94M

$2.57M – $3.43M (±1% cap)

NOI $205,709 @ 7.0% cap · market cap 3.39%

Theoretical Best

Office A

$7.41M

$6.49M – $8.65M (±1% cap)

NOI $518,826 @ 7.0% cap · market cap 8.54%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Drug stores

Suggested Use

Top Pick Dental Office Auto Repair Shop Auto Parts Store Hair Salon Spa & Massage Center HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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 $6,076,923.

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