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1445 Main St 19,097 SF Retail Building Leicester, MA 01524 $9,276,832 CAD ($485.77 CAD/SF) 5.80% Cap Rate

Executive Summary
The 19,097 square feet Tractor Supply Company property sits just outside Worcester, at the heart of Worcester County, with a population of 800,000 and part of the Greater Boston area, which boasts over 4.6 million residents. Completed in October 2010, the property features a lease agreement that includes a 5% rent increase every 5 years and operates under a double net lease, with the landlord responsible for roof and structure maintenance. In 2022, the tenant committed to an early, long-term lease extension. Positioned strategically 0.7 miles from the Walmart Supercenter along Main Street/Route 9, a historic roadway paralleling I-90 and linking Boston with western Massachusetts through various towns, the site provides convenience and accessibility. The nearest Tractor Supply Company store is approximately a 30-minute drive away, making this location a valuable asset in a bustling retail corridor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
19,097 SF
Building Class
B
Year Built
2010
Price
$9,276,832 CAD
Price Per SF
$485.77 CAD
Cap Rate
5.80%
NOI
$537,783 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
4.56 AC
Zoning
R1
Frontage
335’ on Main St
Somewhat walkable
20/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | LEIC-000026AB002801 | Improvements Assessment | $2,136,916 CAD |
| Land Assessment | $449,478 CAD | Total Assessment | $2,586,394 CAD |
Property Taxes
Parcel Number
LEIC-000026AB002801
Land Assessment
$449,478 CAD
Improvements Assessment
$2,136,916 CAD
Total Assessment
$2,586,394 CAD
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1445 Main St
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