355 Palmer Rd - Freestanding FOR SALE


Ware, MA 01082
$1,595,143 USD
332-345-2408
355 Palmer Rd, Ware, MA for Sale
$1,595,143 USD
Freestanding - FOR SALE
1/2
null | 7% Cap Rate

355 Palmer Rd
Ware, MA 01082


HIGHLIGHTS

  • Limited Responsibility Double-Net Lease
  • Corporate Guarantee
  • Recession Resistant Due to Non-Discretionary Nature of Services
  • Strong Demographics

OVERVIEW

Surmount is pleased to present the Broker Opinion of Value for an Advance Auto Parts located at 355 Palmer Road, Ware, MA. The site consists of roughly 7,000 rentable square feet of building space on an estimated 1.25-acre parcel of land. This Advance Auto Parts is subject to a 15-year Double Net (NN) lease. The current annual rent is $111,660 and has scheduled increases of 10.00% at each period.

FOR SALE DETAILS

PRICE

$1,595,143 USD

PRICE/SF

$232 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Advance Auto

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

RB1

APN/PARCEL ID

WARE-000009-000000-000088

ASK ABOUT THIS PROPERTY

Brenna FelsSurmountMore Info
332-345-2408

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Brenna FelsSurmountMore Info
332-345-2408

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