468 Main St - Retail FOR SALE


Leominster, MA 01453- Outer Fitchburg/Leominster
$2,430,000 USD
508-272-0585
468 Main St, Leominster, MA for Sale
$2,430,000 USD
Retail - FOR SALE
1/6
null | 5.75% Cap Rate


OVERVIEW

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of the newly constructed Golden Nozzle Car Wash, an entity owned by Nouria Brands, one of the largest convenience store, fuel and car wash companies in New England. Golden Nozzle signed a 20-year ground lease on the 3.12 acre site situated along Main Street in Leominster, MA. The lease is corporately guaranteed and the absolute net ground lease provides a passive income for an absentee owner. Situated at 468 Main Street, Leominster, MA, this asset is wellpositioned along Concord Turnpike (MA-2), which sees over 71,400 vehicles per day. Golden Nozzle has executed a 20- year ground lease with rent starting at $140,000 and features 10% rent increases every 5 years along with Four (4). Five (5) Year Options. This investment combines the benefits of no landlord responsibilities, new construction which limits future capital repairs, and the corporate backing from one of the largest operators in New England.

FOR SALE DETAILS

PRICE

$2,430,000 USD

PRICE/SF

$486 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Golden Nozzle Car Wash

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.12 AC

LAND SF

135,907 SF

ZONING

-

APN/PARCEL ID

LEOM-000241-000002

ASK ABOUT THIS PROPERTY

Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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