Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire CVS Pharmacy, located at 27 Main St, Watertown, MA 02472 (the “Property” or “Asset”). The tenant operates under an absolute NNN lease with a corporate guaranty and over 10 years of primary term remaining with zero management responsibility.

CVS Pharmacy, Inc. (NYSE: CVS; S&P: BBB) is a leading healthcare services and retail pharmacy chain headquartered in the United States. CVS operates a nationwide network serving millions of customers through pharmacy benefit management, retail pharmacy locations, and a range of health services. With approximately $405.6 billion in TTM March 2026 revenue, over 300,000 employees, and more than 9,000 stores, CVS maintains a significant presence in the healthcare and retail pharmacy sectors. CVS continues to leverage its integrated platform and distribution capabilities, positioning itself as one of the largest and most diversified healthcare service providers and pharmacy retailers in North America.

CVS sits on a 0.4-acre site in the heart of Watertown’s main transportation corridor and is strategically positioned just 8-miles west of Boston, MA. Located at the corner of Main Street (24,800+ VPD) and Merchants Row, the Asset receives unique visibility from multiple roadways including the hard-corner, signalized intersection of Pleasant Street, which provides connectivity to Galen St and subsequently I-90, accommodating a combined 167,000 vehicles per day.

This location benefits from being in one of Boston’s fastest growing areas. The immediate vicinity is densely populated, with over 658,000 residents within a five-mile radius that has grown by 8.0% since 2010. Within that same area, there are more than 267,000 households with an average income exceeding $189,000, reflecting the city's ongoing appeal and strong development momentum.

This offering presents investors with an exceptional opportunity to acquire an asset providing secure, long-term cash flow, backed by a leading investment-grade tenant.

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