Southway Village | 17,342 SF Strip Center | Taunton, MA
17,342 SqFt
Marketing description
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Southway Village, a 17,342 SF multi-tenant strip center located at 10 Cape Road in Taunton, MA. The property is anchored by Advance Auto Parts and Rent-A-Center, with one 6,842 SF vacancy that provides a clear path for upside through a targeted lease up.
Both tenants have operated at the property long term, Advance Auto Parts since 2011 and Rent-A-Center since 1996, demonstrating durable tenancy and consistent customer draw. Rent-A-Center recently executed an early five-year extension with a rent increase and added renewal options, while Advance Auto Parts remains committed through 2026 with two five-year options and scheduled escalations. These actions highlight tenant stability and strong confidence in the location. The property offers investors both near-term leasing upside and strengthened income durability from credit tenants with long operating histories at the center.
With a current NOI of $115,993 and priced at $2,300,000, Southway Village represents a compelling opportunity to acquire a well-located necessity-based retail asset in a dense, high-traffic corridor
Investment highlights
PROVEN TENANT HISTORY - Rent-A-Center recently executed an early five-year extension with a rent increase and added renewal options, while Advance Auto Parts remains in place through 2026 with two five-year options and scheduled rent bumps underscoring long-term tenant confidence.
VALUE ADD INVESTMENT OPPORTUNITY - With 6,842 SF currently vacant, investors have a prime opportunity to unlock additional NOI through a targeted lease up while benefiting from stable cash flow from the existing tenants in place.
NATIONAL CREDIT TENANCY - Anchored by Advance Auto Parts and Rent-A-Center, two established national brands with durable operating histories and proven sales performance the property
DENSE NATIONAL RETAIL CORRIDOR - Over 50,000 residents within three miles with an average household income of $100,000+, supported by regional retailers including Shaw’s, HomeGoods, Marshalls, and PetSmart
PRIME LOCATION WITH EXCELLENT VISIBILITY & ACCESS - +/- 245 feet of frontage along Cape Road, with daily traffic counts exceeding 26,000 vehicles.
STRONG TENANT SYNERGY - Tenant mix enhances consumer draw to the trade area, promoting crossover shopping and boosting site performance.
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