Drug Store
Walgreens with Rental Increases
4 Central Square, Bridgewater, MA 02324
Listing Price: $11,447,154
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.
Drug Store
Walgreens with Rental Increases
Listing Price: $11,447,154
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.
