867 Boston Rd 8,080 SF Retail Building Springfield, MA 01119 $750,000 ($92.82/SF) 6.40% Cap Rate
INVESTMENT HIGHLIGHTS
- Revenue stream with established tenant with lease
- Over 20,000 cars/day
- Excellent retail corner location
EXECUTIVE SUMMARY
Investment opportunity or owner operator. Well established automotive retail location along the up and coming stretch of Boston Road with 28,018 cars that pass by daily! Extremely visible store front on corner lot. Established tenant with long term lease in place. Excellent retail location along the Boston Road business area with customer draws from Wilbraham and Ludlow markets as well. Ample parking with 20 parking spaces, front lobby, and large open mechanic bays with 2 drive in doors. This has an ongoing active tenant so showings will be by appointment only. Please do not contact the location directly- all inquiries must go thru the listing broker.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
8,080 SF
Building Class
C
Year Built/Renovated
1970/2009
Price
$750,000
Price Per SF
$92.82
Cap Rate
6.40%
NOI
$48,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.41
Lot Size
0.45 AC
Zoning
B2
Parking
20 Spaces (2.48 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- 24 Hour Access
- Corner Lot
- Security System
- Signage
- Tenant Controlled HVAC
- Monument Signage
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- VJ Tires and Rims
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| VJ Tires and Rims | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | SPRI-001655-000000-000602 | Improvements Assessment | $568,100 (2025) |
| Land Assessment | $209,900 (2025) | Total Assessment | $778,000 (2025) |
