720 Main St, Clinton, MA 01510-2430
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.
-
Walgreens Pharmacy
-
Walgreens Pharmacy Pharmacy
-
TD Bank ATM Atm
-
COVID-19 Drive-Thru Testing at Walgreens Pharmacy
-
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
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.