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Off Market
1/2

615 Arsenal St
Watertown, MA 02472


HIGHLIGHTS

  • Credit & Passive NNN Investment
  • Dense & Affluent Consumer Base
  • High Performing Location
  • Located within Arsenal Yards, a 1,000,000 SF Mixed-use Redevelopement
  • Urban Infill Location
  • Highly Educated Population with Close Proximity to Harvard & MIT

OVERVIEW

Newmark Knight Frank is pleased to present a unique opportunity to acquire a well-positioned infill Home Depot located in Watertown (Metro Boston) Massachusetts. Watertown, where Cambridge meets Boston, has experienced significant growth and development driven mainly by the flourishing tech and biotech sectors and the demand for live/work/play environments. This asset sits within Arsenal Yards (www.arsenalyards.com), a 1,000,000+ square foot mixed-use redevelopment that includes over 250,000 SF of retail, 300 apartments, over 200,000 SF of life science/office space, and a 150 room Hampton Hotel. Home Depot has operated a very successful store at this location since 2001 and has thirteen (13) years remaining on their primary term. Sources have stated this location is a top three-volume store in all of Massachusetts.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Home Depot

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

126460

STORIES

1

YEAR BUILT

1862

SPRINKLERS

-

PARKING SPACES

700

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

WATE-001301-000002-000001