720 Main St Clinton, MA 01510-2430
Property profile & analytics
720 Main St Clinton, MA 01510-2430
- Retail properties & Spaces
- 14,434 SF
- 1.49 lot acres
Property ID
US38-0148032
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
- Walgreens / Pharmacy
- Walgreens Pharmacy / Pharmacy
- TD Bank ATM / Atm
- COVID-19 Drive-Thru Testing at Walgreens / Pharmacy
- Western Union / Bank / Credit Union
Property Details for 720 Main St
- Year built
- 2008
- Construction
- STEEL FRAME
- Lot size
- 1.49 lot acres
- Property size
- 14,434 SF
- Property type
- Retail properties & Spaces
- APN
- CLIN M:0079 B:2026 L:0000
- APU
- CLINM0079B2026L0000
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,555,000
- 6.5%
- $3,285,000
- 7%
- $3,050,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,669,000
- AI Estimate
- $2,288,000
Market price range: $1.02M - $3.67MMarket price range: $707k - $2.29M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,265,000 Current use
- RESTAURANT
- $2,720,000 Change: +20% Conversion: Easy
- AUTO REPAIR, GARAGE
- $2,215,000 Change: -2% Conversion: Difficult
- OFFICE BUILDING
- $1,965,000 Change: -13% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Clinton
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.688
- Latitude
- 42.423
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT 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
$84,038
$221,400
$3,631,800
$3,853,200
-
$0.00
$0.00
$0.00
