414 Boston Rd
Springfield, MA 01109
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- The absolute NNN lease recently commenced & has ±6.2 years of primary term remaining with 15% rent increases in each of the three 5-year renewals.
PROPERTY FACTS
ABOUT 414 BOSTON RD , SPRINGFIELD, MA 01109
• Ideal access and visibility on Boston Road (Traffic Count: 27,100 VPD), which is one of the area’s primary arteries and leads to Downtown Springfield (7 miles southwest). • Well-positioned within the area’s primary retail and commercial corridors proximate to major retailers such as Price Rite, Kohl’s, Sherwin Williams, Burger King, Wendy’s, TD Bank, Citizens Bank, Popeye’s, Subway, McDonald’s, Advance Auto Parts, Domino’s Pizza, Family Dollar, CVS, AT&T, Hertz, NAPA Auto Parts and T-Mobile among others. In all, there is 5.8 MSF of retail, 1.2 MSF of office, 5.7 MSF of industrial space and 3,746 multifamily units within a 3-mile radius. • The site is less than 2 miles north of the Western New England University (Enrollment: ±3,800 students) and benefits from 36,000+ households within a 3-mile radius, providing Aaron’s with a significant built-in customer base. • Springfield is the largest city in western New England, and the urban, economic, and cultural capital of Massachusetts’ Connecticut River Valley. With 25 universities and colleges within a 15-mile radius from the city, including several of America’s most prestigious universities and liberal arts colleges, and more than six institutions within the city itself, the Hartford-Springfield metropolitan area has been dubbed the Knowledge Corridor.
PROPERTY TAXES
| Parcel Number | SPRI-001655-000000-000074 | Improvements Assessment | $496,300 |
| Land Assessment | $166,300 | Total Assessment | $662,600 |
