CVS in Wellesley for Sale

Image via Justin Smith.

From Cushman & Wakefield:

Cushman & Wakefield has been exclusively retained to solicit offers for the sale of CVS Wellesley, a 13,000 square foot freestanding asset occupied by CVS/pharmacy.

CVS/pharmacy opened at the location in June 2014 upon completion of construction. The asset features prominent signage and visibility along Route 9, the area’s dominant thoroughfare with over 48,800 vehicles traveling past the site on a daily basis. Paired with direct signalized access from both directions, extensive surface parking and convenient drive-thru capability, the tenant is ideally positioned in the market to capitalize on the affluent neighboring communities west of downtown Boston.

The asset features secure cash flow generated by an investment-grade tenant on a long-term, bondable NNN lease with contractual rent escalations every five years and is being offered to potential investors without a formal asking price, free-and-clear of existing debt.

For more information, contact:

Justin M. Smith- Associate Director, Capital Markets Group, Cushman & Wakefield

• T: 1-617-204-4114
• M: 1-339-788 1626
• justin.smith@cushwake.com