17 Darrin Rd - Health Care FOR SALE


Dracut, MA 01826
$4,455,775 USD
617-904-4380
17 Darrin Rd, Dracut, MA for Sale
$4,455,775 USD
Health Care - FOR SALE
1/6
null | 8% Cap Rate

17 Darrin Rd
Dracut, MA 01826


HIGHLIGHTS

  • Long Lease Term
  • Attractive Rent Increase
  • Minimal Landlord Responsibilities
  • Strategic Retail Location
  • Recession & E-Commerce Resistant Tenant
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the stand-alone ActiveLife Adult Day Care investment property located at 17 Darrin Road in Dracut, Massachusetts (the “Property”). ActiveLife Adult Day Care has 13 years remaining on their 20-year lease with two (2), 5-year renewal options. The lease includes attractive 3% rental increases every three years throughout the initial term and renewal option periods. ActiveLife Adult Day Care is located along Darrin Road, just off Lakeview Avenue and seconds from the signalized intersection with Mammoth Road, the area’s primary commercial and commuter corridors. Positioned in the heart of Dracut, the site is convenient to the area’s retailers and restaurants and is surrounded by residential neighborhoods providing a built-in customer base. The Property is close to NH Routes 28, 113 and 38, and is approximately 5 miles from Northwest Expressway (US Highway 3) and Interstate 495. The Property also provides convenient access to Downtown Lowell, just 3.5 miles to the south. Dracut is located in northeastern Massachusetts, approximately 3.5 miles from Lowell, 9 miles from Nashua, New Hampshire, and 30 miles to Downtown Boston, Massachusetts.

FOR SALE DETAILS

PRICE

$4,455,775 USD

PRICE/SF

$318 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Active Life Adult Day Care

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

BI

APN/PARCEL ID

DRAC-000032-000121-000001

ASK ABOUT THIS PROPERTY

Hobart HareHorvath & TremblayMore Info
617-904-4380

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Hobart HareHorvath & TremblayMore Info
617-904-4380

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