1493-1501 Dorchester Ave - Storefront FOR SALE


Boston, MA 02122- Fields Corner West
$3,150,000 USD
781-776-4006
1493-1501 Dorchester Ave, Boston, MA for Sale
$3,150,000 USD
Storefront - FOR SALE
1/5
null | 6.39% Cap Rate

1493-1501 Dorchester Ave
Boston, MA 02122
Fields Corner West


HIGHLIGHTS

  • Anchor Tenants
  • Operating Expense Protection
  • Rent Increases
  • Strategic Location
  • Excellent Accessibility & Visibility
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase an investment property located at 1501 Dorchester Avenue in Dorchester, Massachusetts (the “Property”). 1501 Dorchester Avenue is improved by a 6,040 square foot building in the Fields Corner West neighborhood of Dorchester, approximately 4-miles south of Boston. The plaza is 100% leased and is anchored by Papa John’s and T-Mobile with three additional tenants that serve the needs of area residents and visitors. Four of the five Tenants provide for annual rent increases, and three of the tenants (62%) have net leases and reimburse for real estate taxes, insurance and common area maintenance. The Property is strategically located at the signalized intersection of Faulkner Street, Lincoln Street and Dorchester Avenue, the area’s primary commercial and commuter corridor. The parcel features excellent frontage and visibility along Dorchester Avenue and is seconds from a Target and ShopRite anchored shopping center that drives traffic and consumers to the area. The location offers convenient access to the Fields Corner MBTA Station (0.1-miles), Interstate 93 and MA Route 203, offering convenient access from the Boston metro area.

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$525 USD /SF

CAP RATE

6.39%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

-

APN/PARCEL ID

DORC-000000-000016-000753-000001

ASK ABOUT THIS PROPERTY

Matthew NadlerHorvath & TremblayMore Info
781-776-4006

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Matthew NadlerHorvath & TremblayMore Info
781-776-4006

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