Freestanding CVS Pharmacy Investment
23 Lakeview Ave, Lowell, MA 01850
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NNN leased CVS in Lowell, MA with 14 years remaining.
Type:RETAIL
Property size:
12,158 SFPrice / SF:
$711/SF- Added:
- May 7, 2026
- Days on Market:
- 21
- Last Refresh:
- May 8 at 4:54 am
Property Features for 23 Lakeview Ave
General Information
- Standard status
- Active
- Size
- 12,158 SF
- Property subtype
- RETAIL
Listing agent John Redfield (949) 698-1113
Listing office SRS Industrial - Newport Beach (949) 698-1113
Listing date May 7, 2026
Source Moodyscre
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All listing content including descriptions, pricing, images are the copyrighted material of SRS Industrial - Newport Beach
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.
- Strategic location at a signalized hard corner with high traffic volume (41,000 VPD) and easy access to multiple highways.
- Located between Lowell General Hospital's Main and Saints campuses and near the University of Massachusetts Lowell campus (16,770 students).
- Dense retail corridor with proximity to national tenants like Walmart Supercenter and Home Depot.
Overview
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.
Location Intelligence
Current Use by Public Records
Drug stores
Similar Places Nearby
- Walgreens Pharmacy — 276 Broadway St, Lowell, MA 01854
- COVID-19 Drive-Thru Testing at Walgreens — 276 Broadway St, Lowell, MA 01854
- CVS — 161 Jackson St, Lowell, MA 01852
- Christine Braganza — 276 Broadway St, Lowell, MA 018544121
- Peter Ngigi — 276 Broadway St, Lowell, MA 018544121
Location Insight
- Map
- Local Demand
- City
- Lowell
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.3044501
- Latitude
- 42.6497221
Nearby Similar for Sale
FAQs
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.
