Mell's Tire & Auto Service - Everett, MA
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
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