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Drug Store

Walgreens

165 Samoset St, Plymouth, MA 02360

Listing Price: $7,133,333

Cap Rate
6.00%
Tenant Name
Walgreens
Years Remaining On Lease
8.4
Gross SF
13,519
Guarantor
Corporate Guarantee
Rentable SF
13,519
Price/Gross SF
$527.65
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$31.66

Investment Overview

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 wholesaling and community pharmacy care, dating back more than 100 years.

Investment Highlights

  • Absolute Triple Net (NNN) Walgreens Located 30 Minutes South of Boston
  • Nearly 9 Years Of Term Remain | Ideal Location on Three Way, Signalized Intersection
  • Affluent Community | Average Household Income Exceeds $125,000
  • Has 10, 5-Year Tenant Renewal Options, Bringing the Potential Lease Term to 75 Years
  • Corporate Tenant | Corporate Guarantee

Exclusively Listed By

Listing Price: $7,133,333

Cap Rate
6.00%
Tenant Name
Walgreens
Years Remaining On Lease
8.4
Gross SF
13,519
Guarantor
Corporate Guarantee
Rentable SF
13,519
Price/Gross SF
$527.65
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$31.66

Investment Highlights

  • Absolute Triple Net (NNN) Walgreens Located 30 Minutes South of Boston
  • Nearly 9 Years Of Term Remain | Ideal Location on Three Way, Signalized Intersection
  • Affluent Community | Average Household Income Exceeds $125,000
  • Has 10, 5-Year Tenant Renewal Options, Bringing the Potential Lease Term to 75 Years
  • Corporate Tenant | Corporate Guarantee

Investment Overview

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 wholesaling and community pharmacy care, dating back more than 100 years.

Exclusively Listed By

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