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32-44 Howland Rd
Fairhaven, MA 02719
Dunkin' Plaza · Retail Property For Sale


INVESTMENT HIGHLIGHTS
- Long Term Leases
- Strong Anchor Tenant
- Traffic Counts
- Net Leases & Rent Increases
- Prime Retail Location
- Strong Demographics
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the Dunkin’ Plaza located at 32 Howland Road in Fairhaven, Massachusetts (the “Property”). The Property is improved by a 10,169 square foot building on 0.67-acres of land. The retail plaza is 100% occupied and is home to five (5) tenants including Dunkin’, Connoly’s Liquor, Leap of Faith Dance Studio, New York Life Insurance, and Cuticles Nails. Dunkin’ has a long operating history at this property, and the four other tenants are well known throughout the area. Three of the tenants have net leases and reimburse their pro-rata share of real estate taxes, insurance, and common area maintenance. The Dunkin’ Plaza is well located at the intersection of Sycamore Street and Howland Road, one of the area’s primary commuter corridors. Dunkin’ Plaza enjoys outstanding frontage, visibility, and access along Howland Road and is 0.4-miles from Interstate 195, 1.3 miles from US Route 6, and 2 miles from MA Route 240. The Property is situated in the northwest corner of Fairhaven and is surrounded by dense residential neighborhoods providing a built-in customer base. The Property also enjoys convenient access to area schools, municipal offices, and national retailers that drive traffic to the area. Fairhaven is situated along the shores of Buzzards Bay in southeastern Massachusetts and is approximately 1-mile east of New Bedford, 30-miles east of Providence, RI and 55 miles south of Boston.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,169 SF
Building Class
C
Year Built
2000
Price
$2,679,879
Price Per SF
$263.53
Cap Rate
7%
NOI
$187,592
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.35
Lot Size
0.67 AC
Zoning
RA
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Drive Thru
PROPERTY TAXES
| Parcel Number | FAIR-000019-000000-000243A | Improvements Assessment | $1,380,200 |
| Land Assessment | $390,100 | Total Assessment | $1,770,300 |
PROPERTY TAXES
Parcel Number
FAIR-000019-000000-000243A
Land Assessment
$390,100
Improvements Assessment
$1,380,200
Total Assessment
$1,770,300
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