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ConvenientMD 424 Russell St 4,825 SF Office Building Hadley, MA 01035 $4,168,800 ($864/SF) 6.25% Cap Rate
Investment Highlights
- Extremely Dense College Town | One-Mile From UMass Amherst and Amherst College
- Corporate Guarantee from Growing Operator
- Long-term Absolute NNN Lease
- Four-Way Signalized Intersection with Strong Traffic
Executive Summary
Surmount is pleased to present the exclusive listing for a ConvenientMD located at 424 Russell St, Hadley, MA 01035. The site consists of roughly 4,825 rentable square feet of building space on an estimated 1.18-acre parcel of land. This ConvenientMD is subject to an original 10.5-year Triple Net (NNN) lease, with a rent commencement date of February 17, 2026, which expires on February 28, 2036. The current annual rent is $260,550 and has scheduled increases of 10.00% every 5 years.
Property Facts In Escrow
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
4,825 SF
Building Class
B
Year Built
2017
Price
$4,168,800
Price Per SF
$864
Cap Rate
6.25%
NOI
$260,550
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,825 SF
Building FAR
0.09
Lot Size
1.18 AC
Zoning
B
Amenities
- Security System
1 1
Property Taxes
| Parcel Number | HADL-000010D-000018-000002 | Improvements Assessment | $771,300 |
| Land Assessment | $522,400 | Total Assessment | $1,293,700 |
Property Taxes
Parcel Number
HADL-000010D-000018-000002
Land Assessment
$522,400
Improvements Assessment
$771,300
Total Assessment
$1,293,700
Contacts
-
Josh Kanter -
Anthony D'Ambrosia -
Stewart Hickey -
Glen Kunofsky -
Christopher Marks -
Surmount
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Street
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ConvenientMD | 424 Russell St
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