CVS Drug Store with Absolute NNN
For Sale
Contact for pricing
Pending
599 State Rd, Westport, MA 02790
Pharmacy property leased on an absolute net basis with renewal options and scheduled rent increases.
Property SizeContact for details
Days on Market141
Property Features for 599 State Rd
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Cushman & Wakefield - San Diego, California
Listed By:
Brandon Price · License #CA 01822998
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 1:38PM
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 Cushman & Wakefield - San Diego, California
Investment Insights
Based on property information with market context.
This 13,225-square-foot drug store is occupied by CVS under a new 15-year firm lease. The agreement includes three 5-year renewal options with 10% rent increases between each option period. Structured as an absolute net lease, the arrangement assigns zero landlord responsibilities.
The property is positioned at the signalized intersection of Highway 6 and Gifford Road in Westport, Massachusetts. Highway 6 serves as a primary route connecting New Bedford, Fall River, and Providence, Rhode Island. The site is less than five miles southeast of Fall River and within a five-mile radius containing more than 97,000 residents. Average household income in that radius exceeds $101,000 and is projected to increase by 18% within the next five years.
The property is positioned at the signalized intersection of Highway 6 and Gifford Road in Westport, Massachusetts. Highway 6 serves as a primary route connecting New Bedford, Fall River, and Providence, Rhode Island. The site is less than five miles southeast of Fall River and within a five-mile radius containing more than 97,000 residents. Average household income in that radius exceeds $101,000 and is projected to increase by 18% within the next five years.
Key Highlights
- 13,225‑square‑foot CVS drug store
- New 15‑year firm lease term
- Three 5‑year renewal options with 10% rent increases between options
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
151
Businesses Nearby
20k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Cumberland Farms
Shops & Services
20,280 visits/mo
0.1 miles
Demographics for 02790, MA
16,458
Population
7,523
Households
2.2
Avg Household Size
50
Median Age
30%
College-Educated
91%
High-School Grad
53.9 sq mi
ZIP Area
305
Density / Sq Mi
$100,617
Median Household Income
$52,188
Median Earnings
$1,313
Median Rent
$476,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- CVS — 599 State Rd, Westport, MA 02790
- CVS Pharmacy — 599 State Rd, Westport, MA 02790
- Paige Desrosiers — 599 State Rd, Westport, MA 027902819
Frequently Asked Questions
What type of property is this?
Drug store - Pharmacy property leased on an absolute net basis with renewal options and scheduled rent increases.
Where is this drug store located?
The property is located at 599 State Rd Westport, MA.
What are key features of this property?
This property features: 13,225‑square‑foot CVS drug store; New 15‑year firm lease term; Three 5‑year renewal options with 10% rent increases between options
