Log In/Sign Up
Your email has been sent.
Advance Auto 355 Palmer Rd 7,000 SF Retail Building Ware, MA 01082 $1,595,143 ($227.88/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Limited Responsibility Double-Net Lease
- Recession Resistant Due to Non-Discretionary Nature of Services
- Corporate Guarantee
- Strong Demographics
EXECUTIVE SUMMARY
Surmount is pleased to present the Broker Opinion of Value for an Advance Auto Parts located at 355 Palmer Road, Ware, MA. The site consists of roughly 7,000 rentable square feet of building space on an estimated 1.25-acre parcel of land. This Advance Auto Parts is subject to a 15-year Double Net (NN) lease. The current annual rent is $111,660 and has scheduled increases of 10.00% at each period.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,000 SF
Building Class
C
Year Built
2004
Price
$1,595,143
Price Per SF
$227.88
Cap Rate
7%
NOI
$111,660
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.25 AC
Zoning
RB1
PROPERTY TAXES
| Parcel Number | WARE-000009-000000-000088 | Improvements Assessment | $740,500 |
| Land Assessment | $160,300 | Total Assessment | $900,800 |
PROPERTY TAXES
Parcel Number
WARE-000009-000000-000088
Land Assessment
$160,300
Improvements Assessment
$740,500
Total Assessment
$900,800
1 of 3
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Advance Auto | 355 Palmer Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.