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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 global quick-service restaurant brand known for its customizable submarine sandwiches and widespread franchised business model. Founded in 1965, the company has grown into one of the world’s largest restaurant chains by unit count, operating tens of thousands of locations across more than 100 countries. Following its sale to Roark Capital in 2024, Subway entered a new phase of operational restructuring and brand modernization. In July 2025, Jonathan Fitzpatrick, a seasoned executive with prior leadership roles at Driven Brands and Burger King, was appointed CEO to guide the company through this transition. The brand has faced significant market shifts over the past decade, including increasing competition, evolving consumer expectations, and declining U.S. sales, prompting renewed investments in menu upgrades, digital ordering, and organizational realignment. Subway remains privately held under Roark Capital’s ownership, with ongoing efforts to strengthen franchisee support and improve systemwide performance as it works toward revitalizing its global footprint.

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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