CVS Drug Store Ground
For Sale
Contact for pricing
150 Main Street, Wayland, MA 01778
For sale CVS drug store offered with a ground lease structure in Wayland, Massachusetts.
Property Size10,880 SF
Price / SF$613.05
Days on Market96
Property Features for 150 Main Street
General Information
Standard status
Active
Size
10,880 SF
Class
A
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$400,000
Building Details
Year Built
2017
Tenancy
Single
Listing Agency:
Matthews
Listed By:
Daniel Gonzalez · License #SL3463209 (FL)
(239) 994-9643
Source:
Crexi
Added: Jun 4
Changed: Aug 31
Last Checked: Sep 6 at 11:27PM
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 Matthews
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.
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 = 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
$203,796
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
3.06%
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%
$4,075,920
$4.1M
Cap Rate 7%
$2,911,371
$2.9M
Cap Rate 9%
$2,264,400
$2.3M
Market Conditions
NOI Build-Up for 10,880 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
$293.8K $27.00/SF
− Vacancy
−$22.0K −$2.03/SF
EGI
$271.7K $24.98/SF
− OpEx
−$67.9K −$6.24/SF
NOI
$203.8K $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 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%
$4,075,920
Cap Rate 7%
$2,911,371
Cap Rate 9%
$2,264,400
Alternative Uses
Best Use
Specialty Retail
$2.91M
$2.55M – $3.40M
NOI $203,796 @ 7.0% cap · market cap 3.06%
Second Best
Retail
$2.23M
$1.95M – $2.61M
NOI $156,376 @ 7.0% cap · market cap 2.34%
Theoretical Best
Office A
$6.44M
$5.64M – $7.51M
NOI $450,864 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 Street 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
