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Property summary
This exceptional investment opportunity presents a 13,227 square foot Walgreens pharmacy located at 256 Pleasant St, Methuen, MA 01844. Boasting a strong 8.03% cap rate, this property offers a secure, passive income stream with a NNN lease structure, eliminating landlord responsibilities. The lease, corporately guaranteed by Walgreens (NASDAQ: WBA), features a remaining term of approximately 3.9 years and includes rare 10% rent bumps, providing a hedge against inflation. Built in 2005, this… single-tenant property sits on a 2.73-acre lot with 57 parking spaces and benefits from a high-traffic location between I-93 and Pleasant St (combined ~76,000 vehicles per day). The property enjoys a prime location near Holy Family Hospital (1.5 miles), Methuen High School (2 miles), and a dense population with high household incomes (over $132,000 within a 1-mile radius). The area also shows strong retail synergy with nearby national tenants such as Target, Home Depot, Chick-fil-A, and Raising Cane's. Methuen's robust development pipeline, including approximately 35 approved projects, further enhances the long-term value of this asset. The lease commenced May 15, 2008, and expires May 31, 2028, providing a clear investment horizon. This is a rare opportunity to acquire a high-performing, passively managed retail investment with significant upside potential. The property is zoned BH and has a 100% occupancy rate.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with a plan.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.
Property tax · 2024
Value estimate
· Oct 2026Realmo valuation models over county records and 8 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 13 properties nearbyComparable nearby
Similar Nearby for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 13,520 SF
- Lot area
- 2.85 ac
- Year built
- 2005
- Stories
- 1
- APN
- METH M:00812 B:00059 L:00100
- Zoning
- BL
- Assessed value · 2024
- $2,927,700
- Annual tax · 2024
- $61,482
- Apartment House (5+ Units)
- Auto Repair, Garage
- Retail Stores · current use
- Commercial (general)
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
BL Limited Business Districts. The Limited Business District is composed of all those areas so designated on the official zoning map. It is established primarily to accommodate uses such as offices, smaller scale retail…
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with a plan - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
The mortgage data comes with a plan: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- 10 Targeted Leads
- 1 Full Property Report
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
-
Zoning Insight— not in this plan -
Location Analytics— not in this plan
- 300 Targeted Leads a month
- 30 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
-
Location Analytics— not in this plan
- 1,500 Targeted Leads a month
- 150 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
- Location Analytics
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