23 Lakeview Ave Lowell, MA 01850

Listing office SRS Industrial - Newport Beach Show Phone

Listing date May 7, 2026

Source Moodyscre

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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.

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Similar Off Market 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

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.