Fairhaven: Cape Rate 8,5 % - Rite Aid Pharmacy - Preis US$ 2.930.000

Highlights

Long-term Absolute NNN Lease
Fronts Highway 6, Fairhaven's main thorougfare

National Tenants in the area include Walmart Supercenter, CVS and Burger King

Description

The Subject Property is conveniently located along Highway 6 (Huttleston Avenue), Fairhaven' s main thoroughfare, and the primary route connecting Fairhaven to New Bedford. Across from Rite Aid are CVS and Friendly' s. Approximately one half mile from the site is Walmart Supercenter. Other national tenants in the area include Marshalls, Staples, Shaw' s, Burger King, Wendy' s, Pizza Hut, Taco Bell and McDonald' s. Hastings Middle School, Fairhaven High School, and St. Joseph' s School are all located within one half mile of Rite Aid. In addition, the Acushnet Company headquarters is less than one mile away.

Fairhaven is located in Bristol County on the south coast of Massachusetts where the Acushnet River flows into the Atlantic. The city is located approximately 50 miles south of Boston, Massachusetts and 35 miles east of Providence, Rhode Island.
Financial Summary

Actual
Net Operating Income
$249,050

Price: $2,930,000
Building Size: 11,065 SF
Price/SF: $264.80
Property Type: Retail
Property Sub-type: Free Standing Bldg
Property Use Type: Net Lease Investment with 10+ years left on lease
Cap Rate: 8.50%
Tenancy: Single
Lot Size: 66,610 SF