842 South Franklin Street Holbrook, MA 02343

Investment Highlights

About the Property:
– NNN with original ~20 year term and ~3 years remaining
– Corporate Guarantee from CVS Health Corporation (S&P: BBB)
– Location: Corner of Franklin Street & South Street
– Tenant pays all maintenance, utilities, and insurance
– Taxes: Tenant shall reimburse Landlord for taxes
– Built as: CVS Prototype Construction Specifications dated October 1, 2002, including one-hour photo, double drive thru, hard canopy, conveyor, compactor and mezzanine
– Parking: fifty-six (56) parking spaces

About the Location:
– Holbrook is situation in the greater Boston area in Norfolk County
– Has commuter rail, air, and highway services
– Nearby businesses include: Tractor Supply, Bank or America, Santander, Colonial Federal Savings Bank, Burger King, Shell, CubeSmart Self Storage, and other local shops
– Population: 11,405 as of 2020 | Median Income: $79,718 as of 2020

About the Tenant:
– CVS is the #4 ranked Fortune 500 company
– 2021 Revenue exceeded $285B
– Over 9,900 locations
– As of 2021, now fully integrated with Aetna health insurer following $69B acquisition

Possible early extension of 10-years with two 5 year options.