165 Samoset St, Plymouth, MA 02360
Marcus & Millichap is pleased to present the exclusive listing for a Walgreens located at 165 Samoset Street in Plymouth, Massachusetts. The site, constructed in 2005, consists of roughly 13,519 rentable square feet of building space on approximately 1.00 acres of land. Walgreens is subject to a 25-year triple-net (NNN) lease, which commenced on March 1st, 2005. The annual rent is $428,000 and there are ten, five-year renewal periods extending the total possible lease term to 75 years.
This is an opportunity to acquire an investment grade tenant in a very well-located retail corridor just thirty minutes from Boston, MA. This Walgreens is situated at the three-way intersection of Samoset Street and Pilgrim Hill Road which experiences over 33,000 vehicles per day. The site is located on the three-way intersection diagonal from a CVS anchored shopping center adding to the strategic nature of this location. The property is positioned in Plymouths main retail pocket with high traffic generating tenants including Stop & Shop, Cumberland Farms, Dunkin Donuts and McDonalds all within a half of a mile.
Walgreens Boots Alliance (Nasdaq: WBA) is the first global pharmacy-led, health and wellbeing enterprise in the world. The company was created through the combination of Walgreens and Alliance Boots in December 2014, bringing together two leading companies with iconic brands, complementary geographic footprints, shared values and a heritage of trusted health care services through pharmaceutical wholesa
Marcus & Millichap is pleased to present the exclusive listing for a Walgreens located at 165 Samoset Street in Plymouth, Massachusetts. The site, constructed in 2005, consists of roughly 13,519 rentable square feet of building space on approximately 1.00 acres of land. Walgreens is subject to a 25-year triple-net (NNN) lease, which commenced on March 1st, 2005. The annual rent is $428,000 and there are ten, five-year renewal periods extending the total possible lease term to 75 years.
This is an opportunity to acquire an investment grade tenant in a very well-located retail corridor just thirty minutes from Boston, MA. This Walgreens is situated at the three-way intersection of Samoset Street and Pilgrim Hill Road which experiences over 33,000 vehicles per day. The site is located on the three-way intersection diagonal from a CVS anchored shopping center adding to the strategic nature of this location. The property is positioned in Plymouths main retail pocket with high traffic generating tenants including Stop & Shop, Cumberland Farms, Dunkin Donuts and McDonalds all within a half of a mile.
Walgreens Boots Alliance (Nasdaq: WBA) is the first global pharmacy-led, health and wellbeing enterprise in the world. The company was created through the combination of Walgreens and Alliance Boots in December 2014, bringing together two leading companies with iconic brands, complementary geographic footprints, shared values and a heritage of trusted health care services through pharmaceutical wholesa
