Property profile

197 Boston Tpke Shrewsbury, MA 01545

OFF-MARKET
Retail space
Property ID
US38-1177247
11,250 SF 1.3 ac lot Built 1999
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 205-square-foot ATM space within a thriving CVS Pharmacy located at 197 Boston Turnpike in Shrewsbury, Worcester County. The property is a single-tenant retail space offering a highly visible and accessible location for an ATM. Given its placement within a busy CVS, this space benefits from consistent foot traffic generated by the pharmacy's customer base, ensuring high transaction volume potential. The property's convenient location along the Boston Turnpike guarantees excellent visibility and accessibility for potential ATM users. This turnkey solution requires minimal setup and offers immediate revenue generation potential. The space is currently available for lease, presenting a unique opportunity for investors seeking a stable, high-return investment in a prime retail location. The property's single-tenant occupancy simplifies management and reduces operational complexities. This is an ideal investment for those seeking a low-maintenance, high-yield asset in a densely populated area with strong demographics. The property's classification as both retail and special purpose reflects its unique and lucrative nature. Serious inquiries are encouraged to explore this exceptional opportunity further.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1999
Construction STEEL FRAME
Total area 11,250 SF
Lot 1.3 ac (56,628 SF)
Zoning code CB
APN SHRE M:32 B:096000
UPID US38-1177247

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Atm
  • Pharmacy
  • Pharmacy
  • Atm

Location

197 Boston Tpke Shrewsbury, MA 01545-2545
Shrewsbury metro Census 739202 WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.56M
Comparable Approach Comparable
$2.22M
Blend (final) Blend
$2.16M

Owner & transaction history

since 2021
1 recorded transaction
2021
Price N/A

Zoning & alternative use

CB · Shrewsbury, MA
Top alternative use upside
Restaurant $2.1M +20.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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