What is the asking price for CVS?

The lease rate for space here is $5,697,320.

What type of property tenancy can you find at CVS?

This property is listed as Single Tenant.

What is the total size of CVS?

The property has a total square footage of 13,225 SF.

How many parking spaces are available at CVS?

Parking information for the property isn't currently listed. However, other nearby parking options include Municipal Parking Facility, located 2.05 miles away , and Metered Parking, which is 2.09 miles away.

2 Lafayette Rd, Salisbury (Boston MSA), MA 01952

For Sale $5,697,320
Property Type Retail - Freestanding
Property Size 13,225 SF
Units 1
Lot Size 1.57 Acre
Property Tenancy Single Tenant
Year Built 2008
Date Updated Oct 18, 2026

Description

Situated in Essex County at the northernmost edge of Massachusetts, Salisbury is a dynamic coastal community bordered by the Atlantic Ocean and the New Hampshire state line. The town benefits from exceptional regional accessibility, anchored by major transportation corridors including Interstate 95 and U.S. Route 1. This strategic positioning allows for seamless connectivity to the greater Boston metropolitan area to the south and the Seacoast region of New Hampshire to the north, making it a highly accessible hub for both commerce and daily commuting. The local economy is heavily bolstered by its long-standing reputation as a premier summer resort destination. Salisbury Beach draws a massive seasonal influx of tourists who visit for the five-mile stretch of sandy coastline, the expansive Salisbury Beach State Reservation, and a bustling boardwalk filled with entertainment, dining, and retail. This robust seasonal traffic creates a highly favorable environment for local businesses, providing a dependable surge in consumer spending during the summer months while maintaining a stable economic base throughout the year. Beyond its strong tourist appeal, Salisbury sustains a growing community of year-round residents and a steady commercial footprint. The town sits just across the Merrimack River from the historic and affluent city of Newburyport, which further elevates the area's overall demographic profile. Properties situated along vital arteries like Lafayette Road are uniquely positioned to capture high-volume daily local traffic as well as the lucrative seasonal visitor demographic, presenting a strong foundation for sustained retail and commercial success..

Highlights

8.5 Years of Remaining Lease Term Long-term tenancy through January 31, 2035, followed by four additional five-year renewal options with 5% rent increases at each option renewal.
Affluent North Shore / Boston MSA Location Located in Salisbury, Essex County, within the desirable North Shore of the Boston metropolitan area, near Newburyport and the New Hampshire border.
Attractive 7.50% Cap Rate Offered at $5,697,320, providing investors with a strong going-in yield from a nationally recognized pharmacy tenant.
CVS Corporate Guarantee Lease is backed by CVS Caremark Corporation, providing investors with the strength and security of one of the nation’s largest integrated healthcare companies.
Dominant National Pharmacy Presence CVS Pharmacy maintains an extensive nationwide retail footprint and is one of the most recognized pharmacy and healthcare brands in the United States.
Double Net Lease Minimal Landlord Responsibilities Tenant is responsible for real estate taxes, insurance and CAM expenses, providing the landlord with a largely passive ownership structure and limited ongoing management obligations.
Drive-Through Equipped Features a drive-through pharmacy, providing convenient prescription pickup and enhanced customer accessibility.
Exceptional Household Incomes Average household incomes of approximately $122,147 within one mile, $149,909 within three miles and $146,232 within five miles, demonstrating the affluent demographics surrounding the property.
Industry-Leading Healthcare Platform CVS Health operates a diversified healthcare platform spanning CVS Pharmacy, CVS Caremark and Aetna, providing multiple business lines beyond traditional retail pharmacy.
Strong Real Estate Fundamentals 13,225 SF freestanding building situated on approximately 1.57 acres, providing substantial underlying real estate within a high-barrier-to-entry coastal Massachusetts market.