CVS

For Sale

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

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..

Key features

  • 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.

Building Details

  • For Sale $5,697,320
  • Property Type Retail - Freestanding
  • Property Size 13,225 SF
  • Units 1
  • Lot Size 1.57 Acre
  • Additional Rent Price on request
  • Property Tenancy Single Tenant
  • Year Built 2008
  • Date Updated Oct 22, 2026
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Contacts

Brandon Hanna

Encore Real Estate Investment Services

Location

  • City Salisbury (Boston MSA), MA
  • Zip Code 01952
  • Market Boston
  • Walk score 52/100 Somewhat Walkable
  • Bike score 48/100 Somewhat Bikeable
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Points of Interest

Newburyport

3.25 miles

Gulf

0.09 miles

ChargePoint

2.20 miles

Fast Freddie's Mobil

2.26 miles

Sunoco

2.41 miles

Mobil

2.77 miles

Irving

2.82 miles

Cumberland Farms

3.40 miles

AL Prime

3.64 miles

BP

3.80 miles

Parker River National Wildlife Refuge - Lot 1

4.45 miles

Municipal Parking Facility

2.05 miles

Metered Parking

2.09 miles

NRA East Lot

2.13 miles

NRA West Lot

2.14 miles

Newburyport Intermodal Parking Facility

2.21 miles

Green Street Lot

2.22 miles

The Grog Lot

2.23 miles

Prince Place Lot

2.32 miles

State Street Lot

2.41 miles

P1

2.45 miles

The Black Duck Market & Deli

2.26 miles

Stop & Shop

2.59 miles

Shaw's

2.71 miles

Market Basket

9.58 miles

Listing Summary

  • Property Financials

    2 Lafayette Rd is currently listed for sale at $5,697,320 for a price per square foot of $430.8.

  • Property Details

    2 Lafayette Rd totals 13,225 square feet of Retail space on a lot spanning 1.57 acres. The property was initially built in 2008.

    Tenancy at 2 Lafayette Rd is listed as Single Tenant, comprising a total of 1 units.

  • Area Characteristics

    In terms of ease of commuting, the area has a walk score of 52, indicating that it is somewhat walkable.

Contact Brandon Hanna
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