400 Park Avenue Pl Worcester, MA 01609

This exceptional investment opportunity presents the chance to acquire a leasehold interest (building ownership) in a thriving CVS Pharmacy located at 400 Park Avenue, Worcester, MA. The property boasts 14,952 square feet on a 1.49-acre lot, built in 2009 and zoned BG-6.0 General. The absolute NNN lease with CVS, an investment-grade tenant (S&P: BBB), has approximately 10.2 years remaining, with six 5-year renewal options, ensuring long-term stability. The property features a drive-thru, operates 24 hours a day, and benefits from a prime location at a signalized, hard corner intersection within a dense retail corridor. Its proximity to Clark University and St. Vincent Hospital, coupled with numerous nearby residential communities, contributes to strong demographics within a 5-mile radius. The property offers a compelling 8.75% cap rate with a Net Operating Income (NOI) of $473,489 and an asking price of $5,411,000 ($361.89/sq ft). Parking is ample, providing 4.61 spaces per 1,000 square feet. This is a truly management-free investment opportunity, ideal for out-of-state investors. The property's strong tenant, prime location, and long-term lease make it a highly attractive addition to any portfolio. APN: WORC M:06 B:021 L:0042A.