This property in Norton, MA, presents a promising investment opportunity. It’s a single-tenant retail space, currently housing a CVS Pharmacy, with a substantial building size of 9,505 square feet. The property spans an impressive 1.68 acres of land with a generous 225 feet of frontage along W Main Street. It’s zoned as C, offering versatile usage possibilities. Additionally, the property provides ample parking with 35 spaces, equating to 3.68 spaces per 1,000 square feet leased.

One of the standout features of this investment is its impressive Net Operating Income (NOI) of $111,000, which incrementally increases every five years by 10%. The property operates on a ground lease, with the lease term extending until January 31, 2041, followed by eight options for further lease renewals. This lease structure operates on an absolute triple net (NNN) basis, offering minimal landlord responsibilities and a stable income stream. These factors combine to make this property an enticing investment opportunity with strong income potential and a clear path for future growth.