599 State Rd Westport, MA 02790-2819
Property Lookup
Property profile & analytics
599 State Rd Westport, MA 02790-2819
- Retail space
- 14,033 SF
- 1.86 lot acres
Property ID
US38-0256089
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
- Retail space
Property Details for 599 State Rd
- Year built
- 2009
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.86 lot acres
- Property size
- 14,033 SF
- Zone code
- HISTOR
- Property type
- Retail space
- APN
- WPOR M:7 L:345-348
- APU
- WPORM7L345348
Description
This exceptional investment opportunity presents a fee-simple ownership of a 13,225 square foot CVS Pharmacy in Westport, MA. The property boasts a new 15-year absolute NNN lease with a credit-rated, corporate-guaranteed tenant, ensuring minimal landlord responsibilities. The lease features three 5-year renewal options, each with a 10% rent increase, providing significant long-term income growth. With a current NOI of $385,000 and a 5.75% cap rate, this property offers a compelling return on investment. Built in 2009, the 1.87-acre lot is strategically located at a signalized intersection on Highway 6, a major thoroughfare connecting New Bedford, Fall River, and Providence, RI. The property benefits from excellent visibility and accessibility, serving a thriving community with an average household income exceeding $101,000, projected to increase by 18% in the next five years. The lease expires April 30, 2039, offering a substantial remaining lease term of approximately 14.4 years. This is a rare opportunity to acquire a high-performing, low-maintenance investment property anchored by a financially strong, nationally recognized tenant. The property's location within a densely populated and affluent area, combined with the long-term lease and built-in rent increases, makes this an attractive investment for discerning buyers. The asking price is $6,695,651.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Westport
- County
- Bristol
- State
- Massachusetts
- Longitude
- -71.0839
- Latitude
- 41.6601
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA 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
$21,420
$566,100
$2,204,900
$2,771,000
-
$0.00
$0.00
$0.00
