1331-1341 Cove Rd | New Bedford, MA 02744
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- LoopNet Team
1331-1341 Cove Rd
New Bedford, MA 02744
Save-A-Lot: New Bedford, MA · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- The tenant under the existing Master Lease is Shaw’s Supermarkets, Inc. Shaw’s is an esteemed American grocery store chain.
- The asset is being offered with attractive assumable in-place debt that will fully amortize over the remainder of the initial term.
- Located just 30 miles southeast of Providence, Rhode Island (MSA Population: 1.61 million), New Bedford is home to a growing economy.
- Shaw’s/J Sainsbury’s absolute NNN lease currently has ±13 years of primary term remaining.
- Originally a Shaw’s, the center is currently occupied by Save-A-Lot (1,300 stores in 36 states).
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
75,552 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2004
Tenancy
Multiple
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.20
Lot Size
8.70 AC
Zoning
MUB - Mixed Use Business
Parking
403 Spaces (5.4 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
ABOUT 1331-1341 COVE RD , NEW BEDFORD, MA 02744
This 74,612 retail property was built in 2001, and is well situated at 1331 Cove Rd, in New Bedford, MA. The property boasts 403 parking spaces. 1331 Cove Rd also enjoys frontage on three roads. The property has 3 exterior docks and also is within walking distance to Clarks Cove.
PROPERTY TAXES
| Parcel Number | NEWB-000019-000000-000003 | Improvements Assessment | $4,164,500 |
| Land Assessment | $2,064,900 | Total Assessment | $6,229,400 |
PROPERTY TAXES
Parcel Number
NEWB-000019-000000-000003
Land Assessment
$2,064,900
Improvements Assessment
$4,164,500
Total Assessment
$6,229,400
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