CVS Drug
703 Gallivan Boulevard Unit 1, Boston, MA 02124
For Sale
Contact for pricing
The occupied condominium unit is subject to a long-term CVS lease with extension options.
Property SizeContact for details
Days on Market14
Property Features for 703 Gallivan Boulevard Unit 1
General Information
Standard status
Property subtype
Site & Location
Neighborhood
Highway Access
Additional Details
Tenant in Place
Building Details
Year Built
Tenancy
Listing Agency:
Horvath & Tremblay
Listed By:
Bob Horvath · License #CT 756500
(704) 409-2360
Source:
Crexi
Added: Oct 27
Changed: Nov 8
Last Checked: Nov 8 at 2:43PM
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 Horvath & Tremblay
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Investment Insights
Based on property information with market context.
The offering is a condominium interest in a single-tenant drug store at 703 Gallivan Boulevard, Unit 1, in Boston. CVS has occupied the property since its 1999 construction and recently extended its lease. More than 8 years remain in the current term, with two 5-year renewal options. Rent increases by 6% every five years during the primary term and at the beginning of each option period.
The property sits along Gallivan Boulevard near Dorchester Avenue and close to Interstate 93. MBTA bus service runs along the Gallivan Boulevard and Dorchester Avenue corridor, with connections to nearby Red Line stations. Ashmont Station is a nearby Red Line and Mattapan Line transit center; North Quincy Station provides another Red Line connection across the Neponset River. The surrounding area includes residential neighborhoods, retail, restaurants, healthcare providers, schools, and recreational areas such as the Neponset River Greenway and Pope John Paul II Park Reservation. Downtown Boston is accessible by car and public transportation.
The property sits along Gallivan Boulevard near Dorchester Avenue and close to Interstate 93. MBTA bus service runs along the Gallivan Boulevard and Dorchester Avenue corridor, with connections to nearby Red Line stations. Ashmont Station is a nearby Red Line and Mattapan Line transit center; North Quincy Station provides another Red Line connection across the Neponset River. The surrounding area includes residential neighborhoods, retail, restaurants, healthcare providers, schools, and recreational areas such as the Neponset River Greenway and Pope John Paul II Park Reservation. Downtown Boston is accessible by car and public transportation.
Key Highlights
- CVS has occupied the property since its construction in 1999
- More than 8 years remain on the lease, with two 5‑year renewal options
- Lease rent increases by 6% every five years and at the start of each renewal option
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
978
Businesses Nearby
99k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Shops & Services 32%
Office Supplies 20%
Hotels & Casinos 4%
McDonald's
Dining
24,136 visits/mo
0.4 miles
Staples
Office Supplies
20,009 visits/mo
0.2 miles
Speedway
Shops & Services
13,447 visits/mo
0.0 miles
Dunkin' Donuts
Dining
11,852 visits/mo
0.1 miles
Papa Gino's
Dining
5,793 visits/mo
0.2 miles
Demographics for 02124, MA
50,972
Population
21,264
Households
2.4
Avg Household Size
36
Median Age
31%
College-Educated
85%
High-School Grad
3.0 sq mi
ZIP Area
16,991
Density / Sq Mi
$79,168
Median Household Income
$43,483
Median Earnings
$1,783
Median Rent
$607,200
Median Home Value
Market
Vacancy Rate% for Retail in Boston, MA
Similar Off Market Nearby
- CVS — 703 Gallivan Blvd, Dorchester, MA 02124
- CVS Pharmacy — 703 Gallivan Blvd, Dorchester, MA 02124
- Thao Le — 703 Gallivan Blvd, Dorchester, MA 021245423
- Walgreens Pharmacy — 757 Gallivan Blvd, Dorchester, MA 02122
- COVID-19 Drive-Thru Testing at Walgreens — 757 Gallivan Blvd, Dorchester, MA 02122
Frequently Asked Questions
What type of property is this?
Drug store - The occupied condominium unit is subject to a long-term CVS lease with extension options.
Where is this drug store located?
The property is located at 703 Gallivan Boulevard Unit 1 Boston, MA.
What is the asking price?
The asking price for this property is $7,030,417.
What are key features of this property?
This property features: CVS has occupied the property since its construction in 1999; More than 8 years remain on the lease, with two 5‑year renewal options; Lease rent increases by 6% every five years and at the start of each renewal option
