231-251 Highland Ave
Seekonk, MA 02771
King Philip’s Crossing · Retail Property For Sale
Property Facts
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
Sustainability
Sustainability
ENERGY STAR® Energy Star is a program run by the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) that promotes energy efficiency and provides simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations partner with the EPA to deliver cost-saving energy efficiency solutions that protect the climate while improving air quality and protecting public health. The Energy Star score compares a building’s energy performance to similar buildings nationwide and accounts for differences in operating conditions, regional weather data, and other important considerations. Certification is given on an annual basis, so a building must maintain its high performance to be certified year to year. To be eligible for Energy Star certification, a building must earn a score of 75 or higher on EPA’s 1 – 100 scale, indicating that it performs better than at least 75 percent of similar buildings nationwide. This 1 – 100 Energy Star score is based on the actual, measured energy use of a building and is calculated within EPA’s Energy Star Portfolio Manager tool.
About 231-251 HIGHLAND AVE , SEEKONK, MA 02771
Strong Regional Location – King Philip’s Crossing benefits from over 100,000 cars per day traveling around the center on Routes 6 and I-195. Affluent Submarket – KPC services the east side of Providence, Seekonk and Swansea markets with over 185,000 people in 5-mile population and incomes over $95,000 in the primary trade area. Recent Anchor Lease Extensions – Dick’s Sporting Goods and Party recently extended their leases for 10 years showing long-term commitment to this location. Dick’s now expires in 2030 and Party City in 2028. Stable National Tenant Lineup – KPC has been 100% leased since 2013 by national credit tenants. These retailers have been at the center an average of 11 years with average remaining lease terms exceeding 7 years. Upside in Leases – Panera Bread is currently only paying $17/sf on 10,000sf. They are subleasing over 4,600sf to AT&T and FedEx Office for double the rent they are paying the landlord. An investor will be able to recapture the whole space when Panera’s lease runs out and significantly increase their rental income as the market rent on their space is double the current rent. Dick’s Sporting Goods, Party City and Michael’s are also all gross or modified gross leases.
Property Taxes
| Parcel Number | SEEK-000080-000000-001390 | Improvements Assessment | $11,282,300 |
| Land Assessment | $4,170,100 | Total Assessment | $15,452,400 |
Property Taxes
