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1493-1501 Dorchester Ave 6,040 SF 100% Leased Retail Building Boston, MA 02122 $3,150,000 ($521.52/SF) 6.39% Cap Rate

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INVESTMENT HIGHLIGHTS

Anchor Tenants
Rent Increases
Excellent Accessibility & Visibility

Operating Expense Protection
Strategic Location
Strong Demographics

EXECUTIVE SUMMARY

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase an investment property located at 1501 Dorchester Avenue in Dorchester, Massachusetts (the “Property”). 1501 Dorchester Avenue is improved by a 6,040 square foot building in the Fields Corner West neighborhood of Dorchester, approximately 4-miles south of Boston. The plaza is 100% leased and is anchored by Papa John’s and T-Mobile with three additional tenants that serve the needs of area residents and visitors. Four of the five Tenants provide for annual rent increases, and three of the tenants (62%) have net leases and reimburse for real estate taxes, insurance and common area maintenance. The Property is strategically located at the signalized intersection of Faulkner Street, Lincoln Street and Dorchester Avenue, the area’s primary commercial and commuter corridor. The parcel features excellent frontage and visibility along Dorchester Avenue and is seconds from a Target and ShopRite anchored shopping center that drives traffic and consumers to the area. The location offers convenient access to the Fields Corner MBTA Station (0.1-miles), Interstate 93 and MA Route 203, offering convenient access from the Boston metro area.