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Dollar General & Subway 384 Main St 9,420 SF 100% Leased Retail Building Williamstown, MA 01267 $1,800,000 ($191.08/SF) 7.83% Cap Rate

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Investment Highlights

  • Significant capital expenditures undertaken by current ownership
  • Enhancing curb appeal while improving functionality for tenants and customers with a newly sealed and striped
  • The property benefits from year-round tourism
  • New roof installed, offering structural peace of mind and reduced future capital obligations for ownership.
  • Average household income within a 1-mile radius stands at an impressive $137,034, supporting strong retail spending power.
  • Located just 0.8 miles from Williams College, a prestigious institution that further drives consistent foot traffic

Executive Summary

In 2024, current ownership completed a series of extensive capital improvements designed to maximize long-term asset value while minimizing near-term maintenance obligations. Key upgrades include the installation of a brand-new roof and a newly sealed and striped parking lot, both of which not only bolster structural integrity and curb appeal but also reduce future capital outlay for ownership. These improvements position the property as a turnkey investment opportunity with minimal deferred maintenance. Strategically located in a high-income trade area—with average household income within a one-mile radius reaching $137,034—the property is well-positioned to capture consistent consumer spending. Additionally, its proximity to major cultural and tourism attractions, including the Berkshire Mountains, the Clark Art Institute, and the renowned Williamstown Theatre Festival, ensures a steady influx of regional visitors. Situated just 0.8 miles from Williams College, one of the nation’s top liberal arts institutions, the asset also benefits from a dense and dynamic population base, driving reliable foot traffic and sustained demand for retail and dining services.

Property Facts Under Contract

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,420 SF
Building Class
C
Year Built
2008
Price
$1,800,000
Price Per SF
$191.08
Cap Rate
7.83%
NOI
$140,981
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
1.69 AC
Zoning
pb - Retail Service/Trade
Parking
44 Spaces (4.67 Spaces per 1,000 SF Leased)
Frontage
198’ on Main St

Amenities

  • Signage

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • -
  • -
  • Triple Net
  • -

DG is proud to be America’s neighborhood general store. They strive to make shopping hassle-free and affordable with convenient, easy-to-shop stores all across the states. DG's stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands. From serving their customers with value and convenience and their employees with career opportunities to serving the communities they call home through literacy and education, Dollar General has been committed to its mission of Serving Others since the company’s founding in 1939.

  • Accommodation and Food Services
  • -
  • -
  • -
  • -

Subway is a privately held American quick-service restaurant brand founded in 1965 by Fred DeLuca and Peter Buck in Bridgeport, Connecticut. The company began as Pete’s Super Submarines before adopting the Subway name in 1968 and later expanding through franchising in the 1970s. Its global headquarters operations now include a dual-headquarters structure, with Connecticut serving as the central location for key business functions. The organization relocated its Connecticut headquarters to Shelton, establishing its presence at 1 Corporate Drive as part of a strategic workplace modernization effort. Subway has grown into a major global restaurant brand operating tens of thousands of franchised locations worldwide. The company is owned by Roark Capital Group following its acquisition, and its franchise-based model continues to define its business structure. Over the decades, Subway has emphasized menu evolution and operational adaptation, reflecting changing industry conditions and consumer preferences. The brand remains focused on systemwide consistency and support for its network of franchise operators.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer - - Triple Net -
Accommodation and Food Services - - - -

Property Taxes

Property Taxes

Parcel Number
WILL-000111-000000-000030
Land Assessment
$223,300
Improvements Assessment
$1,417,700
Total Assessment
$1,641,000
  • Listing ID: 38611680

  • Date on Market: 3/18/2025

  • Last Updated:

  • Address: 384 Main St, Williamstown, MA 01267

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