2.52ACRE Retail W/ 3 Corp Gnd Leases Retail FOR SALE


Springfield, MA - Boston Road
$3,990,000 USD
413-233-6066
, Springfield, MA for Sale
$3,990,000 USD
Retail - FOR SALE
1/5
null | 6.97% Cap Rate

2.52ACRE Retail W/ 3 Corp Gnd Leases
Springfield, MA
Boston Road


HIGHLIGHTS

  • M&T BANK GROUND LEASE IMPROVED WITH A 3,116 SQUARE BANK BANCH WITH DRIVE THRU
  • APPLEBEES GROUND LEASE IMPROVED WITH A 4,884 SQUARE FOOT RESTAURANT
  • VERIZON WIRELESS GROUND LEASE IMPROVED BY A MULTI CARRIER CELL TOWER

OVERVIEW

Jennings Real Estate Services, Inc.- The offering includes three ground leases on a 2.52 acre parcel that is improved with a free standing bank building, a free standing restaurant and a cell tower. The M&T bank consists of 3,116 square feet which was built in 2006 with a recent significant renovation. The restaurant is a corporate Applebee's lease and is a 4,884 square foot building built in 2007. e cell tower at the rear of the property is leased to Verizon. The property is located on the busy commercial corridor of Boston Road in Springfield that sees over 23,000 vehicle trips per day.

ASK ABOUT THIS PROPERTY

Jonathan LittleJennings Real Estate Services, Inc.More Info
413-233-6066

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Jonathan LittleJennings Real Estate Services, Inc.More Info
413-233-6066

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