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Executive Summary
The 19,097 square feet Tractor Supply Company property sits just outside Worcester, at the heart of Worcester County, with a population of 800,000 and part of the Greater Boston area, which boasts over 4.6 million residents. Completed in October 2010, the property features a lease agreement that includes a 5% rent increase every 5 years and operates under a double net lease, with the landlord responsible for roof and structure maintenance. In 2022, the tenant committed to an early, long-term lease extension. Positioned strategically 0.7 miles from the Walmart Supercenter along Main Street/Route 9, a historic roadway paralleling I-90 and linking Boston with western Massachusetts through various towns, the site provides convenience and accessibility. The nearest Tractor Supply Company store is approximately a 30-minute drive away, making this location a valuable asset in a bustling retail corridor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
19,097 SF
Building Class
B
Year Built
2010
Price
$6,800,000
Price Per SF
$356.08
Cap Rate
5.80%
NOI
$394,200
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
4.56 AC
Zoning
R1
Frontage
335’ on Main St
Property Taxes
| Parcel Number | LEIC-000026AB002801 | Improvements Assessment | $1,551,300 |
| Land Assessment | $326,300 | Total Assessment | $1,877,600 |
Property Taxes
Parcel Number
LEIC-000026AB002801
Land Assessment
$326,300
Improvements Assessment
$1,551,300
Total Assessment
$1,877,600
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1445 Main St
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