577 Meadow St, Chicopee, MA
Deal Type:
Net Lease
Cap Rate:
Current Rent:
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
Renewal Options:
12, Five years
Building Sq. Ft.:
11,692 SF
Rent Increases:
5% every 5 years, including options
Site Size:
1.45 Acres

Investment Highlights

  • Walgreens just signed a new 15-year NNN lease with extremely rare 5% rent increases every 5 years throughout the entire term of the lease.
  • Allows for a true, passive investment with no management required.
  • Property is located in close proximity to major economic drivers, Callaway Golf, Westover Air Force, Smith & Wesson, Gulfstream Aerospace Corporation and more.
  • Densely populated area with a population of over 185,000 people within a 5-mile.
  • Walgreens Boots Alliance Inc (NASDAQ:WBA) is an investment grade tenant (S&P: BBB).
  • Tenant reporting over $3.3M in store sales.

Listing Agents

Connor Shell

Managing Director
407 913 9009
[email protected]

Dorothy Lee, CCIM

Vice President
626 236 3823
[email protected]

Jordan Shtulman

Managing Principal
847 226 4133
[email protected]

Broker of Record: Peter West, MA Lic. #130760

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