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752 Sumner Ave 9,268 SF 100% Leased Retail Building Springfield, MA 01108 $975,000 ($105.20/SF) 7.83% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully Occupied
- 7.83 Cap Rate
- Stable Leases
EXECUTIVE SUMMARY
Fully leased - 7.83% Cap Rate
Renovated and updated in 2024
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$107,400
|
$11.59
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$107,400
|
$11.59
|
| Taxes |
$13,000
|
$1.40
|
| Operating Expenses |
$18,000
|
$1.94
|
| Total Expenses |
$31,000
|
$3.34
|
| Net Operating Income |
$76,400
|
$8.24
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $107,400 |
| Annual Per SF | $11.59 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $107,400 |
| Annual Per SF | $11.59 |
| Taxes | |
|---|---|
| Annual | $13,000 |
| Annual Per SF | $1.40 |
| Operating Expenses | |
|---|---|
| Annual | $18,000 |
| Annual Per SF | $1.94 |
| Total Expenses | |
|---|---|
| Annual | $31,000 |
| Annual Per SF | $3.34 |
| Net Operating Income | |
|---|---|
| Annual | $76,400 |
| Annual Per SF | $8.24 |
PROPERTY FACTS
AMENITIES
- Bus Line
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- A1 Antiques
- Retailer
- -
- -
- -
- Armata Security
- -
- -
- -
- -
- Brim & Crown Shop
- Retailer
- -
- -
- -
-
- Information
- -
- -
- -
Cricket Wireless operates as a prepaid wireless service provider and is a subsidiary of AT&T Inc. Founded in 1999, Cricket offers nationwide coverage and affordable no-contract plans. The Ottumwa store, located on Venture Drive, provides wireless services, smartphones, and accessories, serving customers in Wapello County and surrounding areas. This location is an authorized retailer and part of Cricket’s extensive retail network across the United States. Cricket Wireless trades under AT&T’s ticker symbol T on the NYSE. The Ottumwa store typically occupies approximately 1,200 square feet within a retail strip and employs a small team focused on sales and customer service.
- Garden Of Eat'n
- Accommodation and Food Services
- -
- -
- -
- Rose Nails
- Services
- -
- -
- -
- Shaolin Kung Fu Center
- Arts, Entertainment, and Recreation
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| A1 Antiques | Retailer | - | - | - | ||
| Armata Security | - | - | - | - | ||
| Brim & Crown Shop | Retailer | - | - | - | ||
|
|
Information | - | - | - | ||
| Garden Of Eat'n | Accommodation and Food Services | - | - | - | ||
| Rose Nails | Services | - | - | - | ||
| Shaolin Kung Fu Center | Arts, Entertainment, and Recreation | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | SPRI-011280-000000-000136 | Total Assessment | $1,134,100 (2025) |
| Land Assessment | $172,700 (2025) | Annual Taxes | $13,000 ($1.40/SF) |
| Improvements Assessment | $961,400 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Presented by
752 Sumner Ave
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