Listed by Sands Investment Group, Sands Investment Group Philadelphia
$2,144,415
Advance Auto Parts - Bellingham, MA
Details
Property Type Retail
Sub Type Auto Shop, Storefront
Square Footage 7,000
Cap Rate 6.5%
NOI $139,386
Occupancy 100%
Tenancy Single
Brand/Tenant Advance Auto Parts
Lease Type NNN
Lease Term 27
Lease Expiration 12/31/2035
Remaining Term 9.6
Rent Bumps Yes
Lease Options 3 x 5 Year Options
Price per SqFt $306
Year Built 2008
Acreage 0.720
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/30/2008
Advance Auto Parts | Prime Signalized Hard Corner | 9 Yr NNN Lease
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 7,000 SF Advance Auto Parts located at 45 Pulaski Boulevard in Bellingham, MA. This investment features a Triple Net (NNN) Lease with more than 9 years of remaining lease term, providing investors with a truly passive ownership structure and minimal landlord responsibilities. The rent has recently been renegotiated to a sustainable and comfortable level for the tenant based on store performance, reinforcing long-term stability and tenant commitment. This offering presents a secure, long-term net-lease investment opportunity backed by a nationally recognized automotive retailer.
Investment highlights
- Long-Term Tenant Commitment: Triple Net (NNN) Lease with over 9 years remaining.
- Prime Signalized Intersection: Strategically located on a hard corner with a traffic signal, the property sees over 18,363 VPD on Pulaski Boulevard.
- High-Income Demographics: The asset serves an exceptionally affluent trade area, serving a population of over 95,000 people with average household incomes exceeding $109,150 within a 5-mile radius.
- Stable Sustainable Rent: The rent was recently renegotiated to a "very comfortable" and sustainable level based on the store's sales performance, reinforcing long-term tenant commitment.
- Bellingham Market Dynamics: Positioned directly on the Massachusetts-Rhode Island border, Bellingham serves as a strategic "gateway" between the Boston and Providence metropolitan areas.
Listing Contacts
Listed by Sands Investment Group, Sands Investment Group Philadelphia
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$139,386.00
$11,615.50/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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