2100 Acushnet Ave New Bedford, MA 02745

Listing agency Gendron Commercial

Listed by John Gendron · License #ME 104572

Source Crexi

Added: Apr 12 Updated: Jul 22 at 11:12PM Checked: Jul 22 at 11:12PM

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Investment Insights

Based on property information with market context.

This for-sale commercial property consists of a 15,540+/- SF building on .89+/- acres, currently occupied by CVS. CVS occupies 8,820+/- SF, with an additional 6,720+/- SF located in the back portion of the building. The rear portion is two stories and is currently configured with two tenants paying minimal rents, with those rents not included in the property’s stated rental income.

CVS has exercised its second option to renew, extending the lease through 1/31/2027, with one additional 5-year renewal option remaining. The landlord is responsible for roof and structure and covers 27.5% of CAM expenses, while CVS pays 72.5%. The property is zoned Mixed Use Business and allows apartment use.

The asset also includes redevelopment opportunity for the rear two-story area to support additional income. Average daily traffic is stated at 9,923 cars per day, and the marketing materials indicate current NOI of $169,366 and current landlord expenses of $21,165.

Key Highlights

• Commercial building at 2100 Acushnet Ave, New Bedford, MA on 0.89+/- AC with 15,540+/- SF total building area
• CVS lease: 8,820+/- SF occupied by CVS, with additional 6,720+/- SF in the rear; second option renewed through 1/31/2027
• Lease terms: landlord responsible for roof and structure; landlord pays 27.5% of CAM expenses while CVS pays 72.5%

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Similar Off Market Nearby

• CVS — 2100 Acushnet Ave, New Bedford, MA 02745
• CVS — 786 Ashley Blvd, New Bedford, MA 02745
• CVS Pharmacy — 786 Ashley Blvd, New Bedford, MA 02745
• CVS Pharmacy — 2100 Acushnet Ave, New Bedford, MA 02745
• Amy Berube — 2170 Acushnet Ave, New Bedford, MA 027456317

FAQs

What type of property is this?

Drug store - A CVS-occupied retail building with leased back-area redevelopment potential on mixed-use zoned land.

Where is this drug store located?

The property is located at 2100 Acushnet Ave New Bedford, MA.

What are key features of this property?

This property features: Commercial building at 2100 Acushnet Ave, New Bedford, MA on 0.89+/- AC with 15,540+/- SF total building area; CVS lease: 8,820+/- SF occupied by CVS, with additional 6,720+/- SF in the rear; second option renewed through 1/31/2027; Lease terms: landlord responsible for roof and structure; landlord pays 27.5% of CAM expenses while CVS pays 72.5%