1865 Revere Beach Pky - Auto Dealership FOR SALE


Everett, MA 02149- Downtown Everett
$3,461,000 USD
508-272-0585
1865 Revere Beach Pky, Everett, MA for Sale
$3,461,000 USD
Auto Dealership - FOR SALE
1/3
null | 7% Cap Rate

1865 Revere Beach Pky
Everett, MA 02149
Downtown Everett


HIGHLIGHTS

  • NEW 10-YEAR LEASE PROVIDING LONG-TERM CASH FLOW STABILITY
  • 3% ANNUAL RENT INCREASES THROUGHOUT BASE TERM AND RENEWAL OPTIONS
  • HIGH-VISIBILITY INFILL LOCATION ALONG REVERE BEACH PARKWAY (65,000+ VPD) & STRATEGIC ACCESS TO DOWNTOWN BOSTON, ROUTE 16, ROUTE 99, AND REGIONAL EMPLO
  • LOCATED WITHIN IMMEDIATE PROXIMITY TO ENCORE BOSTON HARBOR ($2.6B DEVELOPMENT), DRIVING 8-10 MILLION ANNUAL VISITORS AND OVER $1B IN GAMING REVENUE
  • POSITIONED NEAR PLANNED $500M NEW ENGLAND REVOLUTION SOCCER STADIUM (24,000 SEATS)
  • DENSE URBAN DEMOGRAPHICS: 363,761 RESIDENTS AND $130,112 AHHI WITHIN 3 MILES

OVERVIEW

Atlantic Capital Partners has been exclusively engaged to offer for sale Mell’s Tire & Auto Service | Everett, Massachusetts, a 16,000-square-foot urban infill automotive service asset strategically positioned along Revere Beach Parkway, one of the primary commercial corridors serving Everett and the densely populated communities immediately north of Downtown Boston.? The Property is uniquely positioned within one of Greater Boston’s most dynamic and rapidly transforming corridors, anchored by the $2.6 billion Encore Boston Harbor Resort, a regional destination that attracts approximately 8–10 million visitors annually and generates over $1 billion in annual gaming revenue.? The resort has catalyzed significant public and private investment throughout Everett, driving new infrastructure, hospitality demand, and sustained increases in traffic and economic activity within the immediate trade area.? Further enhancing the long-term trajectory of the market, the Kraft Group has advanced plans for a $500 million, 24,000-seat New England Revolution soccer-specific stadium along the Mystic River, just minutes from the Property.? The project includes substantial environmental remediation, waterfront activation, and a publicly accessible 4-acre park, and is expected to deliver meaningful increases in regional visitation, employment, and year-round foot traffic upon anticipated delivery as early as 2027.? Mell’s Tire recently executed a new 10-year lease commencing August 1, 2025, providing stable in place cash flow with 3% annual rent increases throughout the base term and both renewal options.? The lease structure offers investors durable income growth, limited landlord responsibilities, and exposure to a necessity-based automotive use in a supply constrained Boston infill submarket.? For investors seeking passive income with embedded growth and exposure to a rapidly evolving urban corridor, Mell’s Tire offers an attractive combination of current yield and long-term land value optionality.?

FOR SALE DETAILS

PRICE

$3,461,000 USD

PRICE/SF

$171 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mell's Tire & Auto Service - Everett, MA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

ADD'L SUBTYPES

Auto Repair, Service Station, Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

BD

APN/PARCEL ID

EVER-000000-K000002-000110

ASK ABOUT THIS PROPERTY

Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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