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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
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Sale Conditions | 1031 Exchange |
| No. Parking Spaces | 50 |
| Sale Type | Investment |
| No. Parking Spaces | 50 |
| Sale Conditions | 1031 Exchange |
- 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.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 2 | 4,040 SF | Retail | Upon Request | $160,199.96 |
Unit 2
| Unit Size |
| 4,040 SF |
| Condo Use |
| Retail |
| Price |
| Upon Request |
| NOI |
| $160,199.96 |
Unit 2
| Unit Size | 4,040 SF |
| Condo Use | Retail |
| Price | Upon Request |
| NOI | $160,199.96 |
| Sale Type | Investment |
| 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.</li></ul> | |
| Sale Notes | |
| -Andover MA Stable Investment Property<br> - NNN lease<br> -Personal guarantee<br> - One of Merrimack Valleys most popular restaurants<br> -4,040 sf unit <br> -Less than 1/4 mile off I-93<br> -Located at street front<br> -Within 3 office parks<br> - 6 hotels within 1 mile.</li></ul> |
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
Contact the Sale Advisor
1 Minuteman Rd - Andover MA Stable Investment Prop. 1031