381 Cooley St
Springfield, MA 01128
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- This Location and Lease Has Been Assigned to Walgreen's in February of 2018
- Rare Ten Percent Rent Increase in Year 11 of Initial Term
- Absolute Net Lease – Zero Landlord Responsibilities
- 20 Year Corporate Guarantee Lease Signed in 2008
- Subject Property 10,824 Sqft Situated on 3.49 Acres
- Multiple National Retailers: Stop & Shop Market , Big Lots, Burger King, 7-Eleven, Med-Express Urgent Care, Texas Roadhouse, Chili's, Etc.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,190 SF
Building Class
B
Year Built
2000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
3.49 AC
Zoning
R6B1 - Mixed-Use; Commercial
Parking
25 Spaces (2.3 Spaces per 1,000 SF Leased)
Frontage
181’ on Cooley
PROPERTY TAXES
| Parcel Number | SPRI-003170-000000-000199 | Improvements Assessment | $1,742,500 |
| Land Assessment | $810,500 | Total Assessment | $2,553,000 |
