Freestanding CVS Pharmacy Investment
For Sale
Contact for pricing
23 Lakeview Ave, Lowell, MA 01850
NNN leased CVS in Lowell, MA with 14 years remaining.
Property Size12,158 SF
Price / SF$711.14
Days on Market112
Property Features for 23 Lakeview Ave
General Information
Standard status
Active
Size
12,158 SF
Property subtype
RETAIL
Listing Agency:
SRS Industrial - Newport Beach
(949) 698-1113
Listed By:
John Redfield
(949) 698-1113
Source:
Moodyscre
Added: May 7
Changed: Aug 16
Last Checked: Aug 25 at 7:41AM
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 SRS Industrial - Newport Beach
Investment Insights
Based on property information with market context.
This freestanding CVS Pharmacy is located at the signalized corner of Bridge Street and VFW Highway, with a traffic volume exceeding 41,000 vehicles per day. The property benefits from its proximity to Highway 110 (13,900 VPD) and Willard Street (5,200 VPD). Situated between Lowell General Hospital's Main and Saints campuses, which have approximately 445 beds, the site is also less than one mile from the University of Massachusetts Lowell campus, enrolling around 16,770 students. The surrounding area features a dense retail corridor with national tenants such as Walmart Supercenter, Home Depot, and Marshalls. The property is located approximately 30 miles from Boston. The surrounding trade area supports over 200,000 residents and 78,000 daytime employees, with average household incomes exceeding $126,000. CVS has operated at this location for 16 years and has recently executed a new 15-year lease extension, with approximately 14 years remaining and 9 (5-year) renewal options. The lease is absolute NNN with zero landlord responsibilities. The property size is 12,158 square feet.
Key Highlights
- Absolute NNN lease offers a management‑free, passive investment.
- CVS has a new 15‑year lease extension with approximately 14 years remaining, showing long‑term commitment.
- CVS site ranks in the top 98th percentile of stores nationwide, indicating strong performance.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,599
Businesses Nearby
27k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 77%
Shops & Services 23%
Dunkin' Donuts
Dining
8,395 visits/mo
0.4 miles
Dunkin' Donuts
Dining
5,827 visits/mo
0.2 miles
7-Eleven
Shops & Services
5,219 visits/mo
0.2 miles
Domino's Pizza
Dining
4,258 visits/mo
0.0 miles
Little Caesars Pizza
Dining
1,991 visits/mo
0.1 miles
Demographics for 01850, MA
16,670
Population
6,028
Households
2.8
Avg Household Size
34
Median Age
18%
College-Educated
83%
High-School Grad
1.4 sq mi
ZIP Area
11,907
Density / Sq Mi
$67,581
Median Household Income
$42,096
Median Earnings
$1,666
Median Rent
$367,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Eir's Garden — 122 Western Ave #165, Lowell, MA 01851
- Walgreens Pharmacy — 276 Broadway St, Lowell, MA 01854
- Christine Braganza — 276 Broadway St, Lowell, MA 018544121
- Peter Ngigi — 276 Broadway St, Lowell, MA 018544121
- COVID-19 Drive-Thru Testing at Walgreens — 276 Broadway St, Lowell, MA 01854
Frequently Asked Questions
What type of property is this?
Drug store - NNN leased CVS in Lowell, MA with 14 years remaining.
Where is this drug store located?
The property is located at 23 Lakeview Ave Lowell, MA.
What is the asking price?
The asking price for this property is $8,646,000.
What are key features of this property?
This property features: Absolute NNN lease offers a management‑free, passive investment.; CVS has a new 15‑year lease extension with approximately 14 years remaining, showing long‑term commitment.; CVS site ranks in the top 98th percentile of stores nationwide, indicating strong performance.
