1445 Main St - Freestanding FOR SALE


Leicester, MA 01524
$6,800,000 USD
304-476-8464
1445 Main St, Leicester, MA for Sale
$6,800,000 USD
Freestanding - FOR SALE
1/1
null | 5.8% Cap Rate

1445 Main St
Leicester, MA 01524


OVERVIEW

The 19,097 square feet Tractor Supply Company property sits just outside Worcester, at the heart of Worcester County, with a population of 800,000 and part of the Greater Boston area, which boasts over 4.6 million residents. Completed in October 2010, the property features a lease agreement that includes a 5% rent increase every 5 years and operates under a double net lease, with the landlord responsible for roof and structure maintenance. In 2022, the tenant committed to an early, long-term lease extension. Positioned strategically 0.7 miles from the Walmart Supercenter along Main Street/Route 9, a historic roadway paralleling I-90 and linking Boston with western Massachusetts through various towns, the site provides convenience and accessibility. The nearest Tractor Supply Company store is approximately a 30-minute drive away, making this location a valuable asset in a bustling retail corridor.

FOR SALE DETAILS

PRICE

$6,800,000 USD

PRICE/SF

$356 USD /SF

CAP RATE

5.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.56 AC

LAND SF

198,634 SF

ZONING

R1

APN/PARCEL ID

LEIC-000026AB002801

ASK ABOUT THIS PROPERTY

John AderholtCentury RealtyMore Info
304-476-8464

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John AderholtCentury RealtyMore Info
304-476-8464

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.