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 property is a 2.52-acre parcel that includes a free-standing bank building, a free-standing restaurant building, and a cell tower. The bank building is 3,113 square feet and is leased to M&T Bank. The restaurant is a 4,884-square-foot building leased to the Flynn Group under a corporate Applebee’s lease. The cell tower at the rear of the property is leased to Verizon and managed by Vertical Bridge. The property is located on the busy commercial corridor of Boston Road in Springfield that sees more than 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.