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Property profile & analytics
FOR SALE
Drug stores

106 Boston Rd Groton, MA 01450

9,750 SF Built 1999
Property ID
US38-Q006433
Property summary
AI-generated overview

Northmarq, on behalf of ownership, is pleased to present the opportunity to acquire the fee simple interest in the ground of the CVS Pharmacy located at 106 Boston Road in Groton, Massachusetts (the “Property”). A build-to-suit store in 1999, CVS has been at this location for more than 25 years, which includes exercising the first of five, ten-year renewals in 2021. Their Absolute NNN lease has zero landlord responsibility with no rent holiday and, in fact, features 8% rent bumps every five years through each of the remaining four, ten-year option periods – accelerated rent growth compared to many drugstore leases.

Property profile
Verified
Property type Drug stores
Year built 1999
Total area 9,750 SF
UPID US38-Q006433
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Santander Bank ATM Atm
  • CVS Photo (Bike/Boat/Book/etc) Store
  • CVS Pharmacy
  • CVS Pharmacy Pharmacy
  • MoneyGram Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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