Atlantic Capital Partners has been exclusively engaged to
solicit offers for the sale of Advanced Auto Parts located
in East Wareham, Massachusetts. This 7,000 SF asset
sits in the major retail node of East Wareham, a gateway
submarket to Cape Cod which sees a summertime
population swell to almost 5M visitors. The property
benefits from its excellent frontage along Cranberry
Highway which sees 34,800 vehicles per day.
Located at 3105 Cranberry Highway, Advance Auto Parts
signed a 15-year lease in 2006 and recently extended the
base term of the lease to expire in October 2031. The lease
features 7.5% rental increases every 5 years including
throughout its three (3), five (5) year options. Advance
Auto Parts is paying $167,000 with the next escalation
in November 2025. This offering presents an excellent
opportunity to acquire a stable asset in a retail market
servicing the coastal communities of Buzzard’s Bay.