CVS Drug Store with
For Sale
Contact for pricing
Pending
400 Park Avenue, Worcester, MA 01609
Absolute NNN lease with approximately 11 years remaining and six renewal options.
Property SizeContact for details
Days on Market143
Property Features for 400 Park Avenue
General Information
Standard status
Pending
Property subtype
Retail
Additional Details
Drive-Thru
Yes
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
John Redfield · License #CA 01928036
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 31 at 7:03AM
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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
The offering comprises the leasehold interest associated with building ownership for a CVS drug store in Worcester, Massachusetts. The property includes a drive-through and is leased on an absolute NNN basis, with no landlord responsibilities identified in the lease structure. CVS carries an S&P rating of BBB.
Located at 400 Park Avenue, the property is occupied under a long-term lease with approximately 11 years remaining. The agreement includes 6 (5-year) extension options, providing defined renewal periods beyond the current term. The offering combines an operating retail pharmacy facility with a structured net lease and an established national tenant.
Located at 400 Park Avenue, the property is occupied under a long-term lease with approximately 11 years remaining. The agreement includes 6 (5-year) extension options, providing defined renewal periods beyond the current term. The offering combines an operating retail pharmacy facility with a structured net lease and an established national tenant.
Key Highlights
- CVS drug store with drive‑through facility
- Absolute NNN lease structure
- Approximately 11 years remaining on the lease
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,128
Businesses Nearby
210k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 37%
Groceries 9%
Home Improvements & Furnishings 6%
McDonald's
Dining
33,435 visits/mo
0.3 miles
Price Chopper Supermarkets
Groceries
18,977 visits/mo
0.3 miles
Wendy's
Dining
16,455 visits/mo
0.5 miles
Burger King
Dining
15,444 visits/mo
0.3 miles
Dollar Tree
Shops & Services
13,487 visits/mo
0.1 miles
Demographics for 01609, MA
23,870
Population
9,126
Households
2.6
Avg Household Size
29
Median Age
49%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
6,451
Density / Sq Mi
$61,411
Median Household Income
$32,399
Median Earnings
$1,212
Median Rent
$422,100
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 - Absolute NNN lease with approximately 11 years remaining and six renewal options.
Where is this drug store located?
The property is located at 400 Park Avenue Worcester, MA.
What are key features of this property?
This property features: CVS drug store with drive‑through facility; Absolute NNN lease structure; Approximately 11 years remaining on the lease
