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3105A Cranberry Hwy 7,019 SF Retail Building East Wareham, MA 02538 $2,346,700 ($334.34/SF) 7.65% Cap Rate
EXECUTIVE SUMMARY
solicit offers for the sale of Advanced Auto Parts located
in East Wareham, Massachusetts. This 7,000 SF asset
sits in the major retail node of East Wareham, a gateway
submarket to Cape Cod which sees a summertime
population swell to almost 5M visitors. The property
benefits from its excellent frontage along Cranberry
Highway which sees 34,800 vehicles per day.
Located at 3105 Cranberry Highway, Advance Auto Parts
signed a 15-year lease in 2006 and recently extended the
base term of the lease to expire in October 2031. The lease
features 7.5% rental increases every 5 years including
throughout its three (3), five (5) year options. Advance
Auto Parts is paying $167,000 with the next escalation
in November 2025. This offering presents an excellent
opportunity to acquire a stable asset in a retail market
servicing the coastal communities of Buzzard’s Bay.
DATA ROOM Click Here to Access
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Retailer
- -
- -
- Aug 2031
Advance Auto Parts, Inc. is a publicly traded automotive aftermarket parts retailer (NYSE: AAP) founded on April 29, 1932 by Arthur Taubman. Headquartered in Raleigh, North Carolina, the company operates over 4,000 stores across the United States, Puerto Rico, and Canada, along with Carquest and Worldpac branches. Advance Auto Parts serves both do-it-yourself (DIY) customers and professional installers, offering a wide range of products including batteries, brakes, engine components, and maintenance supplies. The company also provides in-store services such as battery testing, installation, and recycling. With a workforce of approximately 62,800 employees, Advance Auto Parts emphasizes convenience through its e-commerce platform and same-day delivery options. The firm has grown through strategic acquisitions, including Carquest and Worldpac, and continues to expand its footprint while focusing on operational efficiency and customer service.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Retailer | - | - | Aug 2031 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | WARE-000010-000000-001004 | Improvements Assessment | $944,600 |
| Land Assessment | $240,600 | Total Assessment | $1,185,200 |
PROPERTY TAXES
CONTACTS
-
Eric Suffoletto -
David Hoppe -
Danny Griffin -
Ben Olmstead -
Atlantic Capital Partners
Presented by
3105A Cranberry Hwy
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