Department Store

Dollar Tree (Walgreens Guarantee)

1914 Ocean St, Marshfield, MA 02050

Listing Price: $3,885,829

Cap Rate
7.00%
Tenant Name
Walgreens
Years Remaining On Lease
7.4
Gross SF
13,328
Guarantor
Corporate Guarantee
Rentable SF
13,328
Price/Gross SF
$291.55
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.41

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Dollar Tree located at 1914 Ocean Street in Marshfield, Massachusetts. This was a former Rite Aid site that was acquired by Walgreens as part of their acquisition of Rite Aid properties in specific markets. This site was remodeled in 2013 as a part of Rite Aids Wellness Program, and features an oversized 3.00-acre lot, a drive through, and convenient ingress/egress right off the main four-way, signalized intersection. The site was subsequently subleased to Dollar Tree as there is another existing Walgreens just down the road. This property offers a prime location in the main downtown shopping center for Marshfield and boasts an average household income of over $145,000.
Aside from the strong location, the affluent surrounding community and low rent at this location, the property offers a wide range of re-tenanting options given the large lot, four-way signalized intersection, low rent, and drive through already on the site.

Investment Highlights

  • Acquisition by Walgreens Corporate | Low Rent Location Subleased to Dollar Tree
  • Complete Remodel by the Tenant in 2013 to Wellness Concept
  • Drive Through Location with a Large 3.00+ Acre Lot

Exclusively Listed By

Broker of Record

  • John Horowitz

    First Vice President / District Manager

    License(s): MA: 1000303

    Massachusetts

Department Store

Dollar Tree (Walgreens Guarantee)

Listing Price: $3,885,829

Cap Rate
7.00%
Tenant Name
Walgreens
Years Remaining On Lease
7.4
Gross SF
13,328
Guarantor
Corporate Guarantee
Rentable SF
13,328
Price/Gross SF
$291.55
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.41

Investment Highlights

  • Acquisition by Walgreens Corporate | Low Rent Location Subleased to Dollar Tree
  • Complete Remodel by the Tenant in 2013 to Wellness Concept
  • Drive Through Location with a Large 3.00+ Acre Lot

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Dollar Tree located at 1914 Ocean Street in Marshfield, Massachusetts. This was a former Rite Aid site that was acquired by Walgreens as part of their acquisition of Rite Aid properties in specific markets. This site was remodeled in 2013 as a part of Rite Aids Wellness Program, and features an oversized 3.00-acre lot, a drive through, and convenient ingress/egress right off the main four-way, signalized intersection. The site was subsequently subleased to Dollar Tree as there is another existing Walgreens just down the road. This property offers a prime location in the main downtown shopping center for Marshfield and boasts an average household income of over $145,000.
Aside from the strong location, the affluent surrounding community and low rent at this location, the property offers a wide range of re-tenanting options given the large lot, four-way signalized intersection, low rent, and drive through already on the site.

Exclusively Listed By

Broker of Record

  • John Horowitz

    First Vice President / District Manager

    License(s): MA: 1000303

    Massachusetts

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