203 Lowell St Wilmington, MA 01887-2941
Property profile & analytics
203 Lowell St Wilmington, MA 01887-2941
- Industrial land
- 4.64 lot acres
Property ID
US38-1051538
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Industrial land
Property Details for 203 Lowell St
- Lot size
- 4.64 lot acres
- Property type
- Industrial land
- APN
- WILM M:0048 L:0000 P:0073
- APU
- WILMM0048L0000P0073
Description
This exceptional investment opportunity presents a brand-new, 2,448-square-foot Starbucks located at 203 Lowell St, Wilmington, MA 01887. Built in 2024, this Class A, single-tenant property boasts a modern prototype design, including a drive-thru, and is situated on a highly visible corner lot. The property benefits from a 10-year net lease (NN) with a credit-rated, corporate-guaranteed tenant, Starbucks (S&P: BBB+), ensuring minimal landlord responsibilities limited to roof, structure, and common areas. The lease commenced on December 31, 2024, and expires February 27, 2035, offering a substantial remaining lease term of 10 years. Attractive rental increases of 10% are built into the lease every five years, including four 5-year options, providing significant long-term growth potential. The property includes 20 parking spaces and is strategically located near I-93, a major Boston highway with over 170,000 vehicles per day, drawing from a robust, affluent trade area with a 5-mile population exceeding 174,000 and an average household income of over $165,000. The asking price is $3,050,000, representing a 6.00% cap rate and a net operating income (NOI) of $183,000. This is a stabilized, core+ investment ideal for 1031 exchange opportunities. The property is privately owned and features a single unit.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,045,000
- ML approach
- $3,255,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.1506
- Latitude
- 42.539
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$44,253
$1,637,100
$50,000
$1,687,100
-
$0.00
$0.00
$0.00
