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Best Friends Pet Care 2 Technology Dr 9,095 SF Retail Building Tyngsborough, MA 01879 $4,550,495 ($500.33/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Long Term Lease
- Corporate Lease
- Strategic Location
- Substantial Rent Increases
- Zero Landlord Responsibilities
- Recession & E-Commerce Resistant Tenant
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the fee simple interest in a Best Friends Pet Care located at 2 Technology Drive in Tyngsboro, Massachusetts (the “Property”). The build-to-suit Property was constructed in 2018 and Best Friends Pet Care has 8+ years remaining on their Absolute NNN lease with three (3), 5-year renewal options. The lease features attractive 1.5% annual rent increases throughout the primary lease term and renewal options. Best Friends Pet Care is located at the intersection of Technology Drive and Middlesex Road (MA Route 3A), one of the area’s primary commuter corridors. The Property has outstanding frontage and visibility along MA Route 3A and offers convenient access to MA Route 113 (0.7-miles) and US Highway 3 (1.3-miles). Best Friends Pet Care is ideally situated between Lowell, MA and Nashua, NH and is perfectly positioned to meet the needs of the two large metropolitan areas.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,095 SF
Year Built
2018
Price
$4,550,495
Price Per SF
$500.33
Cap Rate
8%
NOI
$364,040
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
2.93 AC
Zoning
I1
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Best Friends Pet Care
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Best Friends Pet Care | - | - | - | - |
PROPERTY TAXES
| Parcel Number | TYNG-000021-000023-000001D | Improvements Assessment | $908,000 |
| Land Assessment | $439,200 | Total Assessment | $1,347,200 |
PROPERTY TAXES
Parcel Number
TYNG-000021-000023-000001D
Land Assessment
$439,200
Improvements Assessment
$908,000
Total Assessment
$1,347,200
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Best Friends Pet Care | 2 Technology Dr
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