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Off Market
1/2

176 W State St
Granby, MA 01033


HIGHLIGHTS

  • Brand New Construction | Build-to-Suit Dollar General
  • Newly Executed 15-Year Absolute Triple Net (NNN) Lease; Passive
  • Rental Increases of 10% In Each Option Period
  • Tenant Renewal Options: Four Periods of Five Years, Each bringing the Potential Lease Term Remaining to 35 Years
  • Corporate Location | Corporate Guarantee
  • Surrounding Tenants Include: Dunkin’ Donuts, CVS Pharmacy, Subway, Cumberland Farms, U.S. Postal Service, Florence Bank, and More

OVERVIEW

The subject Dollar General is located at 176 West State Street in Granby, MA. This Dollar General is well-positioned in a suburban throughway consisting of many national and local tenants, schools, government offices, and local attractions. National and local tenants in the area include Dunkin’ Donuts, CVS Pharmacy, Subway, Cumberland Farms, U.S. Postal Service, Florence Bank, and more. Hospitality accommodations within immediate proximity to this property include The Stony Brook Lodge, Granby Motel, and Green Meadow Bed and Breakfast. The subject investment property is located within a one-mile radius of many of Granby’s government and recreational buildings, including: Granby Public Library, Granby Police Station, Granby Building Inspector Department, the Granby Tax Collectors Office, and more. The subject investment property is located less than seven miles from The Westover Air Reserve Base. Westover Air Reserve Base has been in operation since 1940 and served as a bomber training base and port of embarkation/debarkation during World War II. Westover is the nation's largest Air Force Reserve base and is home to more than 5,500 military and civilian workers. Furthermore, this area is known as the Five College Consortium, which consists of University of Massachusetts Amherst, Amherst College, Hampshire College, Smith College, and Mount Holyoke College. Combined, these five college have a student body of more than 38,000 students. Granby is also part of the Springfield Metropolitan Area. Located along the Connecticut River, Springfield is the economic center of Western Massachusetts. It features the Pioneer Valley’s largest concentration of retail, manufacturing, entertainment, banking, legal, and medical groups. With 25 universities and colleges within a fifteen-mile radius from Springfield, including several of America's most prestigious universities and liberal arts colleges, and more than six institutions within the city itself, the Hartford-Springfield metropolitan area has been dubbed the Knowledge Corridor by regional educators, civic authorities, and businessmen. Springfield is also a city of innovation and vibrancy. MGM Grand built a $950 million casino and entertainment destination, CRRC Rail Corporation built a $566 million North American hub, and there is a $94 million Union Station multi-modal transportation center, which are some of the many reasons why MSNBC counts Springfield among the top ten U.S. cities where business opportunities are rising.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

7499

STORIES

1

YEAR BUILT

2020

SPRINKLERS

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PARKING SPACES

14

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

GRAN-000003-G000000-000011