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    Property profile & analytics
    OFF-MARKET Estimated value $3,080,000
    Retail properties & Spaces

    720 Main St, Clinton, MA 01510-2430

    14,434 SF 1.49 ac lot Built 2008
    Entity Owned 15-yr Hold ~ Est. High Equity
    Property ID
    US38-0148032
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 14,550 square foot Walgreens located at 720 Main St, Clinton, MA 01510. The property boasts a 7.35% cap rate and a strong net operating income (NOI) of $590,500. The absolute triple-net (NNN) lease with Walgreens Boots Alliance, a corporate guarantor, has over 9.4 years remaining, expiring March 31, 2034, with 50 one-year renewal options. Built in 2008, this single-story building sits on a 1.49-acre lot and benefits from high visibility on a signalized corner with 20,412 vehicles daily. The property includes a drive-thru, enhancing customer convenience. Its strategic location is across from a grocery-anchored center featuring Hannaford Supermarket and near other national retailers, including CVS Pharmacy. The proximity to UMass Memorial HealthAlliance-Clinton Hospital, a 163-bed acute care facility, further strengthens the location's appeal. Clinton is part of the Greater Boston MSA, a region projected for positive population growth. The asking price is $8,035,000, translating to a price per square foot of $552.23. This is a passive investment opportunity with significant long-term potential. The property's strong tenant, long lease term, and prime location make it an attractive addition to any portfolio.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Use group DEPARTMENT STORE
    Year built 2008
    Construction STEEL FRAME
    Total area 14,434 SF
    Lot 1.49 ac (64,904 SF)
    APN CLIN M:0079 B:2026 L:0000
    UPID US38-0148032
    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 Pharmacy
    • Walgreens Pharmacy Pharmacy
    • TD Bank ATM Atm
    • COVID-19 Drive-Thru Testing at Walgreens Pharmacy
    • Western Union Bank Credit Union
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $3.29M
    Comparable Approach Comparable
    $3.67M
    Blend (final) Blend
    $3.08M
    Owner & transaction history
    Eyes North Clinton LLC · 15 yrs held
    Eyes North Clinton LLC
    since 2010
    2 recorded transactions
    2010
    $7.8M
    2008
    $2.0M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $2.7M +20.2%
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