100 & 110 East Washington Street presents a compelling value-add retail investment opportunity along the highly trafficked Route 1 corridor in North Attleboro, Massachusetts. The offering consists of two adjacent retail properties totaling 23,612 square feet, combining stable in-place income with significant future upside. The centerpiece of the portfolio is a recently constructed retail strip center at 110 East Washington Street that is fully leased to Dollar General, Denny's Liquors, and Enterprise under NNN lease structures, providing dependable cash flow and limited near-term capital requirements. The asset benefits from an average remaining lease term of approximately 4.9 years and embedded rent escalations that support future income growth.
Complementing the stabilized strip center is 100 East Washington Street, a vacant freestanding retail building that creates immediate lease-up, redevelopment, or repositioning potential. Located within one of the region's most established commercial corridors, the property enjoys approximately 250 feet of frontage along Route 1 with traffic counts exceeding 19,000 vehicles per day.
The asset is surrounded by national retailers including Stop & Shop, CVS, McDonald's, Walmart, Target, Lowe's, and numerous regional shopping destinations, creating a vibrant retail environment that drives consistent consumer activity. The property serves an affluent trade area with more than 43,500 residents within three miles and over 106,900 residents within five miles, supported by strong average household incomes. Positioned approximately 15 miles from Providence and 42 miles from Boston, this offering provides investors with a unique combination of current income, credit tenancy, and long-term value creation potential.