Size: 18,000 SF
Anchor Tenants: McDonald’s & Walgreens
Description: Commercial property tenanted by Walgreens and McDonald’s with long term leases. The Walgreens ground lease is for a 60-year term that runs through June 2055. The McDonald’s lease is for a term of approximately 24 years that runs through September 2034. The Walgreens ground lease has rental increases at ten year intervals beginning July 1, 2015. McDonald’s has rental increases of 10% at five year intervals during the base term. The site enjoys excellent visibility from the heavily trafficked intersection Main Street and North Avenue. Both Walgreens and McDonald’s benefit from traffic generated by the other tenant.
572 Main Street, Wakefield, MA