2-8 Pilgrim Hill Rd - Storefront FOR SALE


Plymouth, MA 02360
$8,955,391 USD
781-776-4003
2-8 Pilgrim Hill Rd, Plymouth, MA for Sale
$8,955,391 USD
Storefront - FOR SALE
1/6
null | 6.5% Cap Rate

2-8 Pilgrim Hill Rd
Plymouth, MA 02360


HIGHLIGHTS

  • Long Term Historical Occupancy
  • Long Term Leases
  • Strong Credit
  • Minimal Landlord Responsibilities
  • Scheduled Rent Increases
  • Strategic Retail Location

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase Pilgrim Hill Marketplace, an institutionally-maintained retail plaza located at 2-8 Pilgrim Hill Road in Plymouth, Massachusetts (the “Property”). Pilgrim Hill Marketplace is a 19,611 square foot retail plaza on a 2.15-acre corner parcel that is 100% leased to a complimentary mix of tenants. The center is anchored by CVS and the remainder of the space is leased to O’Reilly Auto Parts and Family Pizza. Each of the tenants have net leases and scheduled increases in either the primary lease term or renewal options, making it an attractive investment for the passive investor and protecting the in-place cash flow against inflation and rising costs of service and labor. Pilgrim Hill Marketplace benefits from outstanding visibility, frontage and signage at the signalized intersection of Pilgrim Hill Road and Samoset Street in the center of a dominant trade area that is home to countless national retailers, office buildings and several industrial parks. The Property is 0.4 miles from Exit 15 on Route 3, the primary commuter highway connecting Boston with the South Shore and Cape Cod. Pilgrim Hill Marketplace is convenient to Downtown Plymouth (1.25-miles) and is surrounded by residential neighborhoods and large apartment communities that provide a built-in customer base. Plymouth is a burgeoning town of 60,000 residents on the South Shore of Massachusetts, approximately 40 miles south of Boston. One of the largest towns in Massachusetts, Plymouth, has experienced rapid growth over the last twenty years and now boasts direct commuter rail service to Boston, several large shopping center developments, new office and industrial parks and ten golf courses. The region is expected to continue to grow its population and jobs capitalizing on its proximity to Cape Cod Bay and Boston.

FOR SALE DETAILS

PRICE

$8,955,391 USD

PRICE/SF

$456 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pilgrim Hill Marketplace

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.15 AC

LAND SF

93,654 SF

ZONING

AC

APN/PARCEL ID

PLYM-000101-000000-000006-000004A

ASK ABOUT THIS PROPERTY

Robert HorvathHorvath & TremblayMore Info
781-776-4003

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Robert HorvathHorvath & TremblayMore Info
781-776-4003

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