CVS NNN Property For Sale — Fairhaven, MA
2 Sarahs Wy, Fairhaven, MA 02719
This multi-tenant retail center is anchored by CVS, boasting a lease term extending through May 2039. The center also includes popular tenants such as Plan It Eats, Pet Depot, The Potting Bench, Tropical Smoothie Café, and Danny Savery Brazilian Jiu Jitsu Academy. All tenants operate under NNN leases, with most responsible for management expenses and HVAC replacements, significantly reducing landlord expenditures. The property benefits from a prime retail corridor location with high traffic counts and excellent visibility. This investment offers a strong weighted average lease term and a corporately guaranteed anchor tenant.
- Address: 2 Sarahs Wy, Fairhaven, MA 02719
- Asking price $6.29M
- 7.65% cap rate
- NOI $481,568
- 12.7 years remaining
- NNN lease
- Year built: 1974
- Building size: 31,000 SF
- Lot size: 4.06 acres
- Lease expiration: May 31, 2039
- Guarantor: Corporate
Location
This CVS property is at 2 Sarahs Wy in Fairhaven, Massachusetts.
Asset type: Retail