Walgreens Drug Store with
For Sale
Contact for pricing
Pending
290 Broadway, Lynn, MA 01904
Leasehold interest secured by an absolute NNN lease with no landlord management or maintenance obligations.
Property SizeContact for details
Days on Market143
Property Features for 290 Broadway
General Information
Standard status
Pending
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
Marcus & Millichap - Nashville
Listed By:
Jason Hernandez · License #CA 01392646
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 31 at 12:09AM
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 Marcus & Millichap - Nashville
Investment Insights
Based on property information with market context.
This Walgreens drug store is offered as a leasehold interest rather than a fee-simple ownership position. The improvements operate under an absolute NNN lease, placing management and maintenance responsibilities with the tenant. The site also includes a drive-through lane supporting customer service from vehicles.
Twelve years remain in the current lease term. Contractual rent increases are set at 5% every 5 years during the initial term, with the same increase structure applying during renewal options if exercised. The property is subject to a ground lease, and the transaction concerns the operating improvements and associated leasehold interest.
Twelve years remain in the current lease term. Contractual rent increases are set at 5% every 5 years during the initial term, with the same increase structure applying during renewal options if exercised. The property is subject to a ground lease, and the transaction concerns the operating improvements and associated leasehold interest.
Key Highlights
- Leasehold interest in Walgreens drug store improvements
- Absolute NNN lease with no landlord management or maintenance responsibilities
- 12 years remaining on the current lease term
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
484
Businesses Nearby
13k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 76%
Home Improvements & Furnishings 24%
7-Eleven
Shops & Services
8,218 visits/mo
0.0 miles
True Value
Home Improvements & Furnishings
3,221 visits/mo
0.0 miles
Santander Bank
Shops & Services
1,925 visits/mo
0.3 miles
Demographics for 01904, MA
19,944
Population
7,322
Households
2.7
Avg Household Size
40
Median Age
32%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
4,749
Density / Sq Mi
$100,597
Median Household Income
$49,561
Median Earnings
$1,742
Median Rent
$515,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Drug store - Leasehold interest secured by an absolute NNN lease with no landlord management or maintenance obligations.
Where is this drug store located?
The property is located at 290 Broadway Lynn, MA.
What are key features of this property?
This property features: Leasehold interest in Walgreens drug store improvements; Absolute NNN lease with no landlord management or maintenance responsibilities; 12 years remaining on the current lease term
