← Back to search
Photography available after free registration below
Virtual Drive-By

CVS Pharmacy Absolute NNN

106 Boston Road · Groton, MA 01450 · Pharmacy

Asking price
$2,448,333
Cap rate
6.00%
NOI
$146,900

Need financing on this deal

We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.

Lease

Lease typeAbsolute NNN
Term remaining4.8 yrs
Expiration01/2031
Rent bumps8.00% Every 5 Years
Options4, 10-Year Options Remaining (First Exercised in 2021)
Ground leaseYes
Credit profile
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF9,750
Price / SF$251
Year built1999
Lot size4.33 ac
TypePharmacy/Drug, Storefront
Days on market39

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

• BEST-IN-CLASS, INVESTMENT-GRADE, PUBLIC GUARANTOR

• HIGHLY ATTRACTIVE BTS ASSET

• RECENTLY EXERCISED RENEWAL OPTION

• HIGHLY PASSIVE, ABSOLUTE NNN GROUND LEASE

• GREATER THAN MARKET CONTRACTUAL RENT GROWTH

• LOW RENT/LOW PRICE POINT IN TIGHT SUBMARKET

• LARGE PARCEL CREATES HIGH RESIDUAL VALUE

• LIMITED COMPETITION

• SYNERGISTIC LOCATION

• EXCELLENT ACCESS & VISIBILITY ON STATE HIGHWAY

• AFFLUENT MARKET, 45 MINUTES FROM BOSTON

• HIGH BARRIER-TO-ENTRY MARKET

• MASSACHUSETTS INVESTMENT OPPORTUNITY

Property overview

Northmarq, on behalf of ownership, is pleased to present the opportunity to acquire the fee simple interest in the ground of the CVS Pharmacy located at 106 Boston Road in Groton, Massachusetts (the “Property”).​ A build-to-suit store in 1999, CVS has been at this location for more than 25 years, which includes exercising the first of five, ten-year renewals in 2021.​ Their Absolute NNN lease has zero landlord responsibility with no rent holiday and, in fact, features 8% rent bumps every five years through each of the remaining four, ten-year option periods – accelerated rent growth compared to many drugstore leases.​

Take the next step on this property

We represent buyers on a cooperating commission basis. On the majority of transactions there is no separate fee to you.

Register to view photography and request the offering memorandum

Property details and lease terms are open. Photography, the offering memorandum, lease abstract and due diligence materials are shared with registered buyers.

Optional. On time-sensitive listings a call reaches you faster than email. We will not use it for automated calls or texts.

Asking-market observation aggregated from public listing sources, last observed Sep 18, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.