842 South Franklin Street Holbrook, MA 02343

  • $6,300,000
842 South Franklin Street Holbrook, MA 02343
For Sale
842 South Franklin Street Holbrook, MA 02343
  • $6,300,000

Floor Plans




CAP: 6.71%
RENT: $422,811

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.


Genoveva Ciornei
Licensed Associate Real Estate Salesperson
Email: genoveva.ciornei@waldrealestate.com
M. 917-306-4202
O. 212-750-9253

Cody Parker Hellberg

Licensed Associate Real Estate Broker
Email: c.parker@waldrealestate.com
M. 212-729-4703
O. 212-750-9253

Property Documents

CVS 842 S Franklin Street Holbrook MA 02343
  • Address 842 South Franklin Street Holbrook, MA
  • Zip/Postal Code 02343


Updated on April 4, 2023 at 12:56 pm
  • Price: $6,300,000
  • Property Type: Commercial
  • Property Status: For Sale

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