354 Main St | Gloucester, MA 01930
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354 Main St
Gloucester, MA 01930
Speedway - New 15-Year Term · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 15-YEAR ABSOLUTE-NET LEASE EXTENSION: The Lease Was Recently Extended By 15 Years In April 2025 Showing How Committed The Tenant Is To This Location.
- 10% RENT ESCALATIONS EVERY 5 YEARS: Contractual Rent Escalations At 10% Every Five Years Provide Reliable Upside Income Through Term Renewal.
- BEST-IN-CLASS OPERATOR BACKED BY THE LARGEST GAS/CONVENIENCE STORE CHAIN IN THE WORLD: Speedway, LLC Is A Wholly Owned Subsidiary of 7-Eleven, Inc.
- LEGACY LOCATION WITH LONG-TERM OPERATING HISTORY: The Property Has Continuously Operated As A Gas Station For Over 50 Years.
- COMPACT, WELL MAINTAINED ASSET | 700 SF BUILDING ON 16,529 SF LOT: The Property Includes A Small Building Footprint With Generous Land.
- RARE OPPORTUNITY TO ACQUIRE A 100% BONUS DEPRECIATION ELIGIBLE PROPERTY IN NEW ENGLAND: The Property Should be Subject to 100% Bonus Depreciation.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
700 SF
Year Built
1976
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.38 AC
Zoning
R-5
PROPERTY TAXES
| Parcel Number | GLOU-000051-000057 | Improvements Assessment | $225,400 |
| Land Assessment | $372,100 | Total Assessment | $597,500 |
PROPERTY TAXES
Parcel Number
GLOU-000051-000057
Land Assessment
$372,100
Improvements Assessment
$225,400
Total Assessment
$597,500
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