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1 Minuteman Rd - Andover MA Stable Investment Prop. 1031 4,040 SF Retail Condo Unit in Andover, MA 01810
Investment Highlights
- Minuteman Landing is located right off of I-93 and a 20-mile drive to Boston, MA.
- The end-cap unit offers a private entrance, with ample parking.
- This property is conveniently located 3-5 minutes away from 6 hotels and 3 Office Parks ideal for clients and customers
Executive Summary
Minuteman Landing is situated just off of I-93 and at the intersection of River Road and Minuteman Blvd. The area features 3 large office parks, Shattuck, Minuteman and New England Business Park. In addition, there are 6 nationally recognized hotels with an occupancy rate that was running 80% pre-Covid. The shopping center is a campus like setting comprised of 2 buildings, a freestanding 10,000 sf The Learning Experience (sold late 2021) and a 14,000-sf strip tenanted by Boston Vision at the back end (sold late 2021) comprised of 5,500 sf unit. The offering end-cap unit is comprised of 4,040 square feet, fronting on River Road tenanted by award winning restaurant, Andiamo Restaurant and Bar. Andiamo Restaurant & Bar serves fresh, Italian food that is based off of traditional recipes. www.andiamo-restaurant.com/andiamo-andover
Property Facts
| Total Building Size | 4,040 SF | Year Built | 2021 |
| Property Type | Retail (Condo) | Tenancy | Single |
| Building Class | A | Lot Size | 4.97 AC |
| Floors | 1 | Parking Ratio | 34.65/1,000 SF |
| Typical Floor Size | 4,040 SF | ||
| Zoning | ID2 - Zoning allows for professional offices, retail, services, financial services, etc | ||
| Total Building Size | 4,040 SF |
| Property Type | Retail (Condo) |
| Building Class | A |
| Floors | 1 |
| Typical Floor Size | 4,040 SF |
| Year Built | 2021 |
| Tenancy | Single |
| Lot Size | 4.97 AC |
| Parking Ratio | 34.65/1,000 SF |
| Zoning | ID2 - Zoning allows for professional offices, retail, services, financial services, etc |
Amenities
- 24 Hour Access
- Conferencing Facility
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signalized Intersection
- Tenant Controlled HVAC
- Energy Performance Rating - A
- Monument Signage
- Air Conditioning
1 Unit Available
Unit 6
| Unit Size | 4,040 SF | NOI | $160,199.96 |
| Condo Use | Retail | No. Parking Spaces | 50 |
| Sale Type | Investment | Sale Conditions | 1031 Exchange |
| Unit Size | 4,040 SF |
| Condo Use | Retail |
| Sale Type | Investment |
| NOI | $160,199.96 |
| No. Parking Spaces | 50 |
| Sale Conditions | 1031 Exchange |
Description
Unit has street frontage with full visibility to River Road, Andover, MA. Professionally managed property makes this investment an almost maintenance free opportunity. Signaled intersection.
Sale Notes
-Andover MA Stable Investment Property
- NNN lease
-Personal guarantee
- One of Merrimack Valleys most popular restaurants
-4,040 sf unit
-Less than 1/4 mile off I-93
-Located at street front
-Within 3 office parks
- 6 hotels within 1 mile.
Presented by
Argyle Realty Group LLC
1 Minuteman Rd - Andover MA Stable Investment Prop. 1031
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