424 Russell St - Medical FOR SALE


Hadley, MA 01035
$4,168,800 USD
617-865-1145
424 Russell St, Hadley, MA for Sale
$4,168,800 USD
Medical - FOR SALE
1/3
null | 6.25% Cap Rate

424 Russell St
Hadley, MA 01035


HIGHLIGHTS

  • Extremely Dense College Town | One-Mile From UMass Amherst and Amherst College
  • Long-term Absolute NNN Lease
  • Corporate Guarantee from Growing Operator
  • Four-Way Signalized Intersection with Strong Traffic

OVERVIEW

Surmount is pleased to present the exclusive listing for a ConvenientMD located at 424 Russell St, Hadley, MA 01035. The site consists of roughly 4,825 rentable square feet of building space on an estimated 1.18-acre parcel of land. This ConvenientMD is subject to an original 10.5-year Triple Net (NNN) lease, with a rent commencement date of February 17, 2026, which expires on February 28, 2036. The current annual rent is $260,550 and has scheduled increases of 10.00% every 5 years.

FOR SALE DETAILS

PRICE

$4,168,800 USD

PRICE/SF

$864 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

ConvenientMD

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,401 SF

ZONING

B

APN/PARCEL ID

HADL-000010D-000018-000002

ASK ABOUT THIS PROPERTY

Josh KanterSurmountMore Info
617-865-1145

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Josh KanterSurmountMore Info
617-865-1145

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