Absolute NNN CVS
For Sale
Contact for pricing
27 Main Street, Watertown, MA 02472
Investors can acquire a CVS Pharmacy with an absolute NNN lease, corporate guaranty, and more than 10 years remaining.
Property Size12,113 SF
Price / SF$975.65
Days on Market83
Property Features for 27 Main Street
General Information
Standard status
Active
Size
12,113 SF
Class
B
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$726,780
Building Details
Year Built
1978
Year Renovated
2017
Tenancy
Single
Listing Agency:
JLL - New York City, New York
Listed By:
Alex Geanakos · License #IL: #475.189621
Source:
Crexi
Added: May 21
Changed: Aug 8
Last Checked: Aug 10 at 10:03AM
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 JLL - New York City, New York
Investment Insights
Based on property information with market context.
The property is a CVS Pharmacy drug store on a 0.4-acre site at 27 Main Street in Watertown, Massachusetts. The tenant operates under an absolute NNN lease with a corporate guaranty and has more than 10 years remaining in the primary term, with zero management responsibility. The offering is structured for investors seeking a straightforward, long-term single-tenant retail pharmacy asset.
The store is positioned in Watertown’s main transportation corridor at the corner of Main Street and Merchants Row. It offers visibility from multiple roadways, including a hard-corner, signalized intersection of Pleasant Street that provides connectivity toward Galen Street and I-90. The asset has 24,800+ vehicles per day on Main Street, and the Pleasant Street connectivity supports a combined 167,000 vehicles per day.
With CVS operating as a large, established healthcare and retail pharmacy chain, the location sits within a densely populated trade area. Within five miles, there are over 658,000 residents and more than 267,000 households with an average income exceeding $189,000, based on provided market figures. This CVS pharmacy presents a practical fit for buyers evaluating an absolute NNN retail tenant with an extended lease timeline and corporate credit support.
The store is positioned in Watertown’s main transportation corridor at the corner of Main Street and Merchants Row. It offers visibility from multiple roadways, including a hard-corner, signalized intersection of Pleasant Street that provides connectivity toward Galen Street and I-90. The asset has 24,800+ vehicles per day on Main Street, and the Pleasant Street connectivity supports a combined 167,000 vehicles per day.
With CVS operating as a large, established healthcare and retail pharmacy chain, the location sits within a densely populated trade area. Within five miles, there are over 658,000 residents and more than 267,000 households with an average income exceeding $189,000, based on provided market figures. This CVS pharmacy presents a practical fit for buyers evaluating an absolute NNN retail tenant with an extended lease timeline and corporate credit support.
Key Highlights
- CVS Pharmacy built in 1978 on a 0.4‑acre site at 27 Main St, Watertown, MA 02472
- Tenant operates under an absolute NNN lease with a corporate guaranty and more than 10 years of primary term remaining
- Located at the corner of Main Street (24,800+ VPD) and Merchants Row
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,003
Businesses Nearby
114k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 41%
Shops & Services 33%
Dining 21%
Beauty & Spa 4%
Stop & Shop
Groceries
47,332 visits/mo
0.5 miles
Bertucci's
Dining
10,950 visits/mo
0.5 miles
Speedway
Shops & Services
9,142 visits/mo
0.2 miles
Starbucks
Dining
8,578 visits/mo
0.4 miles
Bank of America
Shops & Services
7,651 visits/mo
0.1 miles
Demographics for 02472, MA
35,392
Population
17,069
Households
2.1
Avg Household Size
39
Median Age
67%
College-Educated
95%
High-School Grad
4.0 sq mi
ZIP Area
8,848
Density / Sq Mi
$123,383
Median Household Income
$77,537
Median Earnings
$2,356
Median Rent
$737,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- CVS — 189 Watertown St, Watertown, MA 02472
- CVS Pharmacy — 189 Watertown St, Watertown, MA 02472
- Walgreens Pharmacy — 399 Washington St, Newton, MA 02458
- Despina Ioannidis — 399 Washington St, Newton, MA 024581536
- Danielle Nemtsev — 189 Watertown St, Watertown, MA 024722571
Frequently Asked Questions
What type of property is this?
Drug store - Investors can acquire a CVS Pharmacy with an absolute NNN lease, corporate guaranty, and more than 10 years remaining.
Where is this drug store located?
The property is located at 27 Main Street Watertown, MA.
What is the asking price?
The asking price for this property is $11,818,000.
What are key features of this property?
This property features: CVS Pharmacy built in 1978 on a 0.4‑acre site at 27 Main St, Watertown, MA 02472; Tenant operates under an absolute NNN lease with a corporate guaranty and more than 10 years of primary term remaining; Located at the corner of Main Street (24,800+ VPD) and Merchants Row
