CVS Drug Store Ground
150 Main Street Wayland, MA 01778
150 Main Street, Wayland, MA, 01778
Contact for pricing
For Sale
Contact for pricing
For sale CVS drug store offered with a ground lease structure in Wayland, Massachusetts.
Property Size10,880 SF
Price / SF$668.45
Days on Market49
Property Features for 150 Main Street
General Information
- Standard status
- Active
- Size
- 10,880 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2017
Listing agency
Matthews
(239) 994-9643
Listed by
Nikolai Novak · License #9588068MA
Source
Crexi
Added: Jun 4 Updated: Jul 22 at 6:56AM Checked: Jul 22 at 6:56AM
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
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $293.8k | $27.00 |
| − Vacancy | −$22.0k | −$2.03 |
| EGI | $271.7k | $24.98 |
| − OpEx | −$67.9k | −$6.24 |
| NOI | $203.8k | $18.73 |
10,880 SF · lease $27.00/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.91M
$2.55M – $3.40M
NOI $203,796 @ 7.0% cap · market cap 2.80%
Second Best
Retail
$2.23M
$1.95M – $2.61M
NOI $156,376 @ 7.0% cap · market cap 2.15%
Theoretical Best
Office A
$6.44M
$5.64M – $7.51M
NOI $450,864 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Santander Bank ATM
Atm
CVS Photo
(Bike/Boat/Book/etc) Store
CVS
Pharmacy
CVS Pharmacy
Pharmacy
UPS Access Point ...
Courier Service
Similar For Sale Nearby
Similar Off Market Nearby
- CVS — 150 Main St, Wayland, MA 01778
- CVS Pharmacy — 150 Main St, Wayland, MA 01778
- Walgreens Pharmacy — 35 Main St, Wayland, MA 01778
FAQs
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 $7,272,727.
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
