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    Property profile & analytics
    OFF-MARKET Estimated value $7,205,000
    Retail space

    235 Main St, Middleton, MA 01949-2445

    14,412 SF 2.47 ac lot Built 2008
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US38-0794647
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 2008
    Construction STEEL FRAME
    Total area 14,412 SF
    Lot 2.47 ac (107,463 SF)
    Zoning code M1
    APN MIDD M:0033 B:0000 L:0031 B
    UPID US38-0794647
    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
    • Walgreens Photo (Bike/Boat/Book/etc) Store
    • Walgreens Pharmacy
    • Walgreens Pharmacy Pharmacy
    • COVID-19 Drive-Thru Testing at Walgreens Pharmacy
    • Western Union Bank Credit Union
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $7.25M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $4.68M
    Blend (final) Blend
    $7.21M
    Owner & transaction history
    1014 Hld Company LLC · 3 yrs held
    1014 Hld Company LLC
    since 2023
    Last sale
    $7.7M
    6 recorded transactions
    2023
    $7.7M
    2014
    $9.0M
    2014
    2008
    $1
    2006
    $1.1M
    2002
    $1.8M
    Zoning & alternative use
    M1 · Middleton, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $5.0M +55.2%
    Apartment house (5+ units) $4.6M +43.8%
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