Multi-Tenant Retail Bank
For Sale
Contact for pricing
Pending
500 Grafton St, Worcester, MA 01604
Three freestanding single-tenant buildings total 16,452 SF and are occupied by CVS, TD Bank, and Wholly Cannoli.
Property Size16,452 SF
Lot Size1.79 Acres
Days on Market119
Property Features for 500 Grafton St
General Information
Standard status
Pending
Size
16,452 SF
Lot size
1.79 Acres
Property subtype
Retail
Occupancy
100%
Building Details
Tenancy
Multi
Listing Agency:
Atlantic Capital Partners
Listed By:
Danny Griffin · License #9571654
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Aug 7 at 8:59AM
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 Atlantic Capital Partners
Investment Insights
Based on property information with market context.
The offering consists of a 1.79-acre site with three freestanding, single-tenant retail buildings totaling 16,452 SF. The properties are currently occupied by CVS, TD Bank, and Wholly Cannoli, with all three tenants maintaining long operating histories at the location.
The site is positioned along Grafton Street, described as a highly traveled corridor within a densely populated submarket in Worcester. CVS has operated at the property for approximately 40 years, and the bank has been operating since 1998 with a lease amendment extending through 2028 and one 5-year option to extend. TD Bank’s branch includes a drive-thru.
Wholly Cannoli has been operating at the site since 2011.
The site is positioned along Grafton Street, described as a highly traveled corridor within a densely populated submarket in Worcester. CVS has operated at the property for approximately 40 years, and the bank has been operating since 1998 with a lease amendment extending through 2028 and one 5-year option to extend. TD Bank’s branch includes a drive-thru.
Wholly Cannoli has been operating at the site since 2011.
Key Highlights
- 1.79‑acre site with three freestanding, single‑tenant buildings totaling 16,452 SF
- Currently occupied by CVS, TD Bank, and Wholly Cannoli with long operating histories at the property
- CVS lease: base rent $205,000 plus 2% percentage rent of gross sales over the break point; base rent increases to $220,000 in Feb. 2027
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,227
Businesses Nearby
116k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 47%
Hotels & Casinos 2%
Electronics 2%
Cumberland Farms
Shops & Services
25,785 visits/mo
0.3 miles
Burger King
Dining
19,049 visits/mo
0.5 miles
Dunkin' Donuts
Dining
13,113 visits/mo
0.5 miles
Dunkin' Donuts
Dining
11,565 visits/mo
0.3 miles
Mobil
Shops & Services
10,154 visits/mo
0.4 miles
Demographics for 01604, MA
41,301
Population
18,166
Households
2.3
Avg Household Size
37
Median Age
31%
College-Educated
86%
High-School Grad
6.6 sq mi
ZIP Area
6,258
Density / Sq Mi
$72,911
Median Household Income
$45,596
Median Earnings
$1,570
Median Rent
$321,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- CVS Pharmacy — 500 Grafton St, Worcester, MA 01604
- CVS — 500 Grafton St, Worcester, MA 01604
- Price Chopper Pharmacy — 29 Sunderland Rd, Worcester, MA 01604
- Winthrop Ap — 10 Winthrop St STE 117, Worcester, MA 01604
- Matthew Skudera — 500 Grafton St, Worcester, MA 016044713
Frequently Asked Questions
What type of property is this?
Drug store - Three freestanding single-tenant buildings total 16,452 SF and are occupied by CVS, TD Bank, and Wholly Cannoli.
Where is this drug store located?
The property is located at 500 Grafton St Worcester, MA.
What are key features of this property?
This property features: 1.79‑acre site with three freestanding, single‑tenant buildings totaling 16,452 SF; Currently occupied by CVS, TD Bank, and Wholly Cannoli with long operating histories at the property; CVS lease: base rent $205,000 plus 2% percentage rent of gross sales over the break point; base rent increases to $220,000 in Feb. 2027
