Description

NAI Hunneman, as exclusive agent, is pleased to offer for sale an outstanding 31,000 SF stabilized shopping center in Fairhaven, MA. This attractive, fully leased, asset is anchored by an 11,700 SF CVS Pharmacy, with drive thru, and a 3,622 SF Friendly' s restaurant. CVS, which has approximately 10 years of base term remaining, enjoys strong sales at the subject store. The property enjoys a premier location and is conveniently situated approximately 0.75 miles east of the City of New Bedford, which has population in excess of 93,000. There are many other national retailers sited along Route 6 in close proximity to the property. A partial list includes: Rite Aid, Marshalls, Walmart, Kmart, Staples, Dollar Tree, Shaws, Autozone, Walgreens and Stop & Shop. Easy access from busy Route 6 is provided by two two-way curb cuts. The westerly cut is signalized. It is offered at $6,200,000, which represents a 8.06% going in capitalization rate. In addition, there is attractive existing financing on the property, which can be assumed by the Buyer. The amount of financing assumed can be up to 75% of the purchase price and carries a 6% interest rate with 30 year amortization.

NAI Hunneman, as exclusive agent, is pleased to offer for sale an outstanding 31,000 SF stabilized shopping center in Fairhaven, MA. This attractive, fully leased, asset is anchored by an 11,700 SF CVS Pharmacy, with drive thru, and a 3,622 SF Friendly' s restaurant. CVS, which has approximately 10 years of base term remaining, enjoys strong sales at the subject store. The property enjoys a premier location and is conveniently situated approximately 0.75 miles east of the City of New Bedford, which has population in excess of 93,000. There are many other national retailers sited along Route 6 in close proximity to the property. A partial list includes: Rite Aid, Marshalls, Walmart, Kmart, Staples, Dollar Tree, Shaws, Autozone, Walgreens and Stop & Shop. Easy access from busy Route 6 is provided by two two-way curb cuts. The westerly cut is signalized. It is offered at $6,200,000, which represents a 8.06% going in capitalization rate. In addition, there is attractive existing financing on the property, which can be assumed by the Buyer. The amount of financing assumed can be up to 75% of the purchase price and carries a 6% interest rate with 30 year amortization.