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31462358
31466741

140 N Franklin St, Holbrook, MA 02343 For Sale

LW
MA 9565991
Keller Williams South Watuppa
Listed by Keller Williams South Watuppa
$6,000,000
721 days on market
Updated 17 days ago

140 N. Franklin St. Holbrook MA

Details
Property Type Mixed Use, Office (+1)
Sub Type Medical Office, Storefront (+1)
Square Footage 31,920
Net Rentable (SqFt) 23,016
Units 14
Cap Rate 8.02%
NOI $480,900
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Term 5
Lease Expiration 07/01/2029
Remaining Term 4
Rent Bumps Yes
Lease Options 1
Price per SqFt $188
Broker Co-Op Yes
Class B
Year Built 2007
Stories 2
Acreage 1.690
Zoning Business II
Parking Spaces 80 spaces
Parking per 1,000 SqFt 2.51
Investment Type Stabilized
Lease Commencement 07/01/2025
Occupancy Date 07/01/2025

NNN Office - 8% Cap Rate

Marketing description

140 North Franklin Street is a NNN-leased, mixed-use commercial property generating stable income from two established tenants — Amego Inc. and CH Beauty Inc. Offered at $6,000,000 current income places this property at an 8% cap rate. With 3% annual rent escalations embedded in existing leases for stable annually increasing income. 140 North Franklin represents a a durable commercial property within Holbrook's Business 2 zoning, as well as the Town Center Overlay District which gives the discerning investor flexiblity for future uses, and long term viability.

Investment highlights

  • Medical Uses: Ideal for clinics, dental offices, and other healthcare services.

  • Mixed-Use: Combine retail, office, and residential spaces to maximize your investment.

  • Retail: Perfect for boutiques, cafes, and specialty shops to attract foot traffic.

Listing Contacts

LW
MA 9565991
Keller Williams South Watuppa
Listed by Keller Williams South Watuppa

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$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$480,900.00
$40,075.00/mo

Valuation Metrics

0
DSCR
8.02%
Cap Rate
8.02%
ROI

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Additional Information

Name
Luke Walen
License
9565991
Brokerage
Keller Williams South Watuppa
Brokerage Phone
508) 677-3233
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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