211 Lincoln Ave Haverhill, MA 01830-6738
- Retail properties
- 12,929 SF
- 1.61 lot acres
May 23, 2025
Current Use by Public Records
- Santander Bank ATM / Atm
- CVS / Cosmetics Store / Beauty Supply Store
- CVS Pharmacy / Pharmacy
- UPS Access Point location / Shipping And Mailing Service / Mailing Service
- CVS Photo / Passport Photo Processor / Digital Printer
Property Details for 211 Lincoln Ave
- Year built
- 2016
- Construction
- STEEL FRAME
- Lot size
- 1.61 lot acres
- Property size
- 12,929 SF
- Property type
- Retail properties
- APN
- HAVE M:0408 B:00002 L:5A
- APU
- HAVEM0408B00002L5A
Description
This exceptional investment opportunity presents a 13,013-square-foot CVS Pharmacy located at 211 Lincoln Avenue in Haverhill, Massachusetts. The property boasts a 25-year ground lease with CVS Pharmacy, a publicly traded company (NYSE: CVS) holding an investment-grade credit rating. The lease commenced March 19, 2016, and expires January 31, 2042, leaving a substantial 17.2 years remaining. The lease includes five, five-year renewal options with attractive rent bumps, providing a hedge against inflation. The property is situated on a 1.61-acre lot and is part of River's Edge Plaza, a shopping center anchored by Market Basket. This prime location benefits from high visibility and accessibility along Lincoln Avenue (MA Route 113), a major commuter route. The area enjoys strong demographics, with approximately 49,400 people residing within a 3-mile radius and an average household income exceeding $116,496. Daily traffic counts on Lincoln Avenue surpass 10,900 vehicles. The property's strategic location near residential neighborhoods, Holy Family Hospital, and other retail establishments ensures consistent customer traffic. The Net Operating Income (NOI) is $205,000, resulting in a 5.25% cap rate. This is an absolute NNN ground lease, meaning the tenant is responsible for all operating expenses, repairs, and maintenance. The property was built in 2015 and offers a compelling investment with significant long-term potential. The property is ideally positioned to serve the residents of Haverhill and surrounding communities.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $620,000
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Location Insight
- Map
- Local Demand
- City
- Haverhill
- County
- Essex
- State
- Massachusetts
- Longitude
- -71.0417
- Latitude
- 42.7628
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
