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33955188
33955187

1865 Revere Beach Parkway, Everett, MA 02149

ES
MA MA 9577141
Atlantic Capital Partners
DG
MA 9571654
Atlantic Capital Partners
DH
NC NC 288268
Atlantic Capital Partners
Listed by Atlantic Capital Partners
$3,461,000
72 days on market
Updated 3 days ago

Mell's Tire & Auto Service - Everett, MA

Details
Property Type Retail
Sub Type Auto Shop
Square Footage 16,000
Cap Rate 7%
NOI $242,264
Occupancy 100%
Tenancy Single
Lease Expiration 07/31/2035
Remaining Term 10
Rent Bumps Yes
Lease Options 2 x 5-Years
Class A
Year Built 1950
Year Renovated 2025
Acreage 0.360
Investment Type Stabilized
Ground Lease No
Sale Condition 1031 exchange

Mell's Tire & Auto Service | Everette, MA

Marketing description

Atlantic Capital Partners has been exclusively engaged to offer for sale Mell’s Tire & Auto Service | Everett, Massachusetts, a 16,000-square-foot urban infill automotive service asset strategically positioned along Revere Beach Parkway, one of the primary commercial corridors serving Everett and the densely populated communities immediately north of Downtown Boston.

The Property is uniquely positioned within one of Greater Boston’s most dynamic and rapidly transforming corridors, anchored by the $2.6 billion Encore Boston Harbor Resort, a regional destination that attracts approximately 8–10 million visitors annually and generates over $1 billion in annual gaming revenue. The resort has catalyzed significant public and private investment throughout Everett, driving new infrastructure, hospitality demand, and sustained increases in traffic and economic activity within the immediate trade area.

Further enhancing the long-term trajectory of the market, the Kraft Group has advanced plans for a $500 million, 24,000-seat New England Revolution soccer-specific stadium along the Mystic River, just minutes from the Property. The project includes substantial environmental remediation, waterfront activation, and a publicly accessible 4-acre park, and is expected to deliver meaningful increases in regional visitation, employment, and year-round foot traffic upon anticipated delivery as early as 2027.

Mell’s Tire recently executed a new 10-year lease commencing August 1, 2025, providing stable inplace cash flow with 3% annual rent increases throughout the base term and both renewal options. The lease structure offers investors durable income growth, limited landlord responsibilities, and exposure to a necessity-based automotive use in a supplyconstrained Boston infill submarket. For investors seeking passive income with embedded growth and exposure to a rapidly evolving urban corridor, Mell’s Tire offers an attractive combination of current yield and long-term land value optionality.

Investment highlights

NEW 10-YEAR LEASE PROVIDING LONG-TERM CASH FLOW STABILITY

3% ANNUAL RENT INCREASES THROUGHOUT BASE TERM AND RENEWAL OPTIONS

HIGH-VISIBILITY INFILL LOCATION ALONG REVERE BEACH PARKWAY (65,000+ VPD) & STRATEGIC ACCESS TO DOWNTOWN BOSTON, ROUTE 16, ROUTE 99, AND REGIONAL EMPLOYMENT CENTERS

LOCATED WITHIN IMMEDIATE PROXIMITY TO ENCORE BOSTON HARBOR ($2.6B DEVELOPMENT), DRIVING 8-10 MILLION ANNUAL VISITORS AND OVER $1B IN GAMING REVENUE

POSITIONED NEAR PLANNED $500M NEW ENGLAND REVOLUTION SOCCER STADIUM (24,000 SEATS)

SIGNIFICANT PUBLIC & PRIVATE INVESTMENT DRIVING CORRIDOR TRANSFORMATION

DENSE URBAN DEMOGRAPHICS: 363,761 RESIDENTS AND $130,112 AHHI WITHIN 3 MILES

NECESSITY-BASED AUTOMOTIVE USE WITH DAILY COMMUTER AND LOCAL DEMAND DRIVERS

Listing Contacts

ES
MA MA 9577141
Atlantic Capital Partners
DG
MA 9571654
Atlantic Capital Partners
DH
NC NC 288268
Atlantic Capital Partners
Listed by Atlantic Capital Partners

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$242,264.00
$20,188.67/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

Map

Zoning

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ID IndustrialIndustrial District
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Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Eric Suffoletto
License
MA 9577141
Name
Danny Griffin
License
9571654
Brokerage
Atlantic Capital Partners
Brokerage Phone
781.635.2449
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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