50 Independence Way - Auto Repair FOR SALE


Danvers, MA 01923- Danvers MA
$5,825,000 USD
617-865-1145
50 Independence Way, Danvers, MA for Sale
$5,825,000 USD
Auto Repair - FOR SALE
1/4
null | 5.15% Cap Rate

50 Independence Way
Danvers, MA 01923
Danvers MA


HIGHLIGHTS

  • Absolute Triple Net Lease with No Landlord Responsibilities
  • Backed by a Global Industry Leader
  • Long-Term Occupancy & Extended Lease Commitment
  • Adjacent to New Chick-fil-A Development
  • Located Within Liberty Tree Mall Retail District
  • High-Volume Traffic Count

OVERVIEW

Surmount is pleased to present the exclusive listing for a Firestone located at 50 Independence Way, Danvers, MA 01923. The site consists of roughly 6,600 rentable square feet of building space on an estimated 1.08-acre parcel of land. Firestone is subject to a 10-year Triple Net (NNN) lease, which commenced 10/5/1989. The current annual rent is $300,000 and has a scheduled increase of 7.50% in May 2031.

FOR SALE DETAILS

PRICE

$5,825,000 USD

PRICE/SF

$834 USD /SF

CAP RATE

5.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Firestone

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,045 SF

ZONING

I1

APN/PARCEL ID

-

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.