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ERG Property Advisors is Proud to Announce the Exclusive Listing of a Triple Net Free Standing Walgreens for Sale

NEW YORK — May 28, 2014 — ERG Property Advisors is pleased to announce the availability of 2177 Ocean Street, Marshfield, MA 02050.

The property is on 1.75 acres and the building is 11,597 square feet.

The subject property’s lease is backed by the full faith and credit of Walgreens. Walgreens is a publicly reading company and has over 8,500 locations. The building is a class A quality construction and was completed in 2009.

This is an absolute triple let lease with 20 years remaining on the lease. There is a 50 (1) year option to renew. The cap rate is projected at 5%.

The asking price for this property is $8,580,000.
 
For more information about this property, please contact Andrew Greenberg at 646.253.0950 or agreenberg@ergpa.com, Evan Street at 646.253.0965 or estreet@ergpa.com or Jeffrey Wolfson at 646.253.0906 or jwolfson@ergpa.com.
 

About ERG Property Advisors
ERG Property Advisors is a full-service commercial brokerage company based in New York City. Our core activities are investment sales, mortgage brokerage and direct capital services. While focused on the broader New York City area as a company, ERG also offers specific market knowledge at the submarket level. Beyond core New York City properties, ERG's Retail Division specializes in the disposition of commercial investment real estate property nationally with a focus on freestanding Net-Lease properties. In addition to assisting property owners and prospective buyers, ERG provides banks, appraisers, attorneys, and accountants with information and skill sets that support them in their respective roles. Through strategic alliances with select companies we are able to offer our clients access to mortgage brokerage, direct capital services and investment sales brokerage. Visit www.ergpa.com for recent deals and press coverage.
 



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