Building Details

Building Size 12,210 SF

Year Built 2017

Tenancy Single

Listed By: Nikolai Novak · License #9588068 (MA) Show Phone

Source: Matthews

Added: Jun 17 Changed: Sep 11 Last Checked: Oct 5 at 3:09PM

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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 Nikolai Novak

Investment Insights

Based on property information with market context.

This offering presents a CVS drug store for sale with a ground lease structure. The property is sized at 10,880 square feet.

The asset is located at 150 Main Street in Wayland, Massachusetts.

This is a straightforward, single-tenant retail asset configured as a CVS drug store under a ground lease arrangement.

Key Highlights

• CVS drug store for sale in Wayland, Massachusetts
• Offered with a ground lease structure
• Year built: 2017

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$228,709

Cap Rate

3.43%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,574,180 $4.6M

Cap Rate 7%

$3,267,271 $3.3M

Cap Rate 9%

$2,541,211 $2.5M

Market Conditions

NOI Build-Up for 12,210 SF

Gross rent

$329.7K $27.00/SF

− Vacancy

−$24.7K −$2.03/SF

EGI

$304.9K $24.98/SF

− OpEx

−$76.2K −$6.24/SF

NOI

$228.7K $18.73/SF

Area

Middlesex County, MA

Vacancy

7.50%

Lease Rate

$27.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,574,180

Cap Rate 7%

$3,267,271

Cap Rate 9%

$2,541,211

Alternative Uses

Best Use

Specialty Retail

$3.27M

$2.86M – $3.81M (±1% cap)

NOI $228,709 @ 7.0% cap · market cap 3.43%

Second Best

Retail

$2.51M

$2.19M – $2.92M (±1% cap)

NOI $175,492 @ 7.0% cap · market cap 2.63%

Theoretical Best

Office A

$7.23M

$6.32M – $8.43M (±1% cap)

NOI $505,979 @ 7.0% cap · market cap 7.59%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Santander Bank ATM Atm CVS Photo (Bike/Boat/Book/etc) Store CVS Pharmacy CVS Pharmacy Pharmacy UPS Access Point ... Courier Service

Suggested Use

Top Pick Law Firm Real Estate Agency Auto Repair Shop Dental Office Hair Salon Building Supply

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

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

301

Businesses Nearby

48k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 57% Shops & Services 43%

Starbucks Dining

14,223 visits/mo 0.3 miles

Sunoco Shops & Services

7,356 visits/mo 0.4 miles

Einstein Bros Bagels Dining

6,975 visits/mo 0.4 miles

Bank of America Shops & Services

6,093 visits/mo 0.3 miles

Dunkin' Donuts Dining

6,040 visits/mo 0.1 miles

Demographics for 01778, MA

14,132

Population

5,136

Households

2.8

Avg Household Size

45

Median Age

78%

College-Educated

98%

High-School Grad

15.0 sq mi

ZIP Area

942

Density / Sq Mi

$219,531

Median Household Income

$106,935

Median Earnings

$1,403

Median Rent

$935,700

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

Questions? Ask Rey

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What type of property is this? Where is this drug stores located? What is the asking price? Find similar properties What are key features of this property?

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Similar Off Market Nearby

• Walgreens Pharmacy — 35 Main St, Wayland, MA 01778
• CVS — 150 Main St, Wayland, MA 01778
• CVS Pharmacy — 150 Main St, Wayland, MA 01778

Frequently Asked Questions

What type of property is this?

Drug store - For sale CVS drug store offered with a ground lease structure in Wayland, Massachusetts.

Where is this drug store located?

The property is located at 150 Main St Wayland, MA.

What is the asking price?

The asking price for this property is $6,670,000.

What are key features of this property?

This property features: CVS drug store for sale in Wayland, Massachusetts; Offered with a ground lease structure; Year built: 2017