235 Main St, Middleton, MA 01949-2445
This exceptional Class A retail investment opportunity presents a 14,412 square foot Walgreens pharmacy, built in 2008, located at 235 S Main St, Middleton, MA 01949. Boasting a strong 6.6% cap rate and a substantial $500,000 NOI, this property offers a secure, long-term investment with a remaining lease term of 10 years, plus 50 years of additional options, extending to 2034. The property sits on a 112,761 square foot lot and is zoned M1. The asking price is $7,500,000, translating to a price per square foot of $520.40. This Walgreens benefits from a prime location in a high-traffic area, directly across from a Market Basket anchored plaza and near other prominent retailers including TJ Maxx, Bob's Stores, JoAnn Fabrics, Starbucks, and a Chase bank branch. The property's strategic placement within a thriving retail corridor, coupled with the presence of a recently built 99 Restaurant, ensures consistent high visibility and customer traffic. Middleton, MA, boasts a strong demographic profile, with a median household income of $166,215, supporting robust consumer spending. The Walgreens location is ranked highly in terms of customer visits, further underscoring its exceptional performance and potential for continued growth. This is an absolute NNN lease, offering a passive income stream with minimal landlord responsibilities. The property has a 100% occupancy rate since its opening in April 2009. This is a rare opportunity to acquire a high-performing, well-located Walgreens with significant long-term growth potential.
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Western Union Bank Credit Union
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
M1 · Middleton, MAMiddleton. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.