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Drug Store

Walgreens with Rental Increases

4 Central Square, Bridgewater, MA 02324

Listing Price: $11,447,154

Cap Rate
6.15%
Tenant Name
Walgreens
Years Remaining On Lease
12.5
Gross SF
14,820
Guarantor
Corporate Guarantee
Rentable SF
14,820
Price/Gross SF
$772.41
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$47.50

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Walgreens Pharmacy located at 4 Central Square in Bridgewater, Massachusetts. This is a rare opportunity to acquire a core New England market drug-store that reports strong annual sales and features over 5% rental escalations every 10 years. Constructed in 2008, the Walgreens Pharmacy and drive-through consist of 14,820 square feet as part of a larger 2.15-acre shopping center.
Located less than 40 minutes south of Boston in the town of Bridgewater, the Walgreens benefits from an affluent surrounding population (over $113,000 average household income) and a dense population (over 341,000 people within a 10-mile radius). Traffic counts in front of the asset are strong with over 18,200 vehicles passing the site each day. The immediate area of Central Square consists of a dense stretch of retailers that serve the local population as well as the 11,200 students that attend the nearby Bridgewater State University.

Investment Highlights

  • Rare Absolute NNN Walgreens with Rental Increases Every Ten Years
  • Over 13-Years of NNN Term Remain | Next 5.3% Rental Increase to Occur in 2028
  • Strong Performing Store in a Dense, Downtown Location

Exclusively Listed By

Broker of Record

  • John Horowitz

    First Vice President / District Manager

    License(s): MA: 1000303

    Massachusetts

Drug Store

Walgreens with Rental Increases

Listing Price: $11,447,154

Cap Rate
6.15%
Tenant Name
Walgreens
Years Remaining On Lease
12.5
Gross SF
14,820
Guarantor
Corporate Guarantee
Rentable SF
14,820
Price/Gross SF
$772.41
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$47.50

Investment Highlights

  • Rare Absolute NNN Walgreens with Rental Increases Every Ten Years
  • Over 13-Years of NNN Term Remain | Next 5.3% Rental Increase to Occur in 2028
  • Strong Performing Store in a Dense, Downtown Location

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Walgreens Pharmacy located at 4 Central Square in Bridgewater, Massachusetts. This is a rare opportunity to acquire a core New England market drug-store that reports strong annual sales and features over 5% rental escalations every 10 years. Constructed in 2008, the Walgreens Pharmacy and drive-through consist of 14,820 square feet as part of a larger 2.15-acre shopping center.
Located less than 40 minutes south of Boston in the town of Bridgewater, the Walgreens benefits from an affluent surrounding population (over $113,000 average household income) and a dense population (over 341,000 people within a 10-mile radius). Traffic counts in front of the asset are strong with over 18,200 vehicles passing the site each day. The immediate area of Central Square consists of a dense stretch of retailers that serve the local population as well as the 11,200 students that attend the nearby Bridgewater State University.

Exclusively Listed By

Broker of Record

  • John Horowitz

    First Vice President / District Manager

    License(s): MA: 1000303

    Massachusetts

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