CVS/Pharmacy, 47 Boston Street, Lynn, MA |
LYNN, MA – Marcus & Millichap (NYSE: MMI),
a leading commercial real estate investment services firm with offices
throughout the United States and Canada, has arranged the sale of a
12,900-square-foot double-net-leased CVS/pharmacy in Lynn, Mass. The
$10,539,783 sales price equates to $817 per square foot.
Laurie Ann Drinkwater |
“CVS relocated to this site from an
existing retail center located across the street,” says Horvath. “It’s a
well-established location with strong demographics.”
“The 25-year lease, signed in
January 2014, has five five-year options and is guaranteed by CVS Caremark Corp.,”
adds Drinkwater.
Built in
2014 and located at 47 Boston St. on the corner of North Bend Street and Boston
Street, the property is close to downtown Lynn and 10 miles north of Boston.
For a complete copy of the company’s
news release, please contact:
Gina Relva
Public
Relations Manager
(925)
953-1716
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