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Mell's Tire & Auto Service - Everett, MA 1865 Revere Beach Pky 16,000 SF Retail Building Everett, MA 02149 $4,731,533 CAD ($295.72 CAD/SF) 7% Cap Rate
Investment Highlights
- NEW 10-YEAR LEASE PROVIDING LONG-TERM CASH FLOW STABILITY
- HIGH-VISIBILITY INFILL LOCATION ALONG REVERE BEACH PARKWAY (65,000+ VPD) & STRATEGIC ACCESS TO DOWNTOWN BOSTON, ROUTE 16, ROUTE 99, AND REGIONAL EMPLO
- POSITIONED NEAR PLANNED $500M NEW ENGLAND REVOLUTION SOCCER STADIUM (24,000 SEATS)
- 3% ANNUAL RENT INCREASES THROUGHOUT BASE TERM AND RENEWAL OPTIONS
- LOCATED WITHIN IMMEDIATE PROXIMITY TO ENCORE BOSTON HARBOR ($2.6B DEVELOPMENT), DRIVING 8-10 MILLION ANNUAL VISITORS AND OVER $1B IN GAMING REVENUE
- DENSE URBAN DEMOGRAPHICS: 363,761 RESIDENTS AND $130,112 AHHI WITHIN 3 MILES
Executive Summary
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 in place 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 supply constrained 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.?
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 in place 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 supply constrained 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.?
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
16,000 SF
Building Class
B
Year Built
1950
Price
$4,731,533 CAD
Price Per SF
$295.72 CAD
Cap Rate
7%
NOI
$331,199 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.02
Lot Size
0.36 AC
Zoning
BD
Parking
12 Spaces (0.75 Spaces per 1,000 SF Leased)
Frontage
285’ on Revere Beach Pky
Amenities
- Bus Line
- Pylon Sign
- Signage
Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | EVER-000000-K000002-000110 | Improvements Assessment | $932,473 CAD |
| Land Assessment | $1,472,728 CAD | Total Assessment | $2,405,200 CAD |
Property Taxes
Parcel Number
EVER-000000-K000002-000110
Land Assessment
$1,472,728 CAD
Improvements Assessment
$932,473 CAD
Total Assessment
$2,405,200 CAD
Contacts
-
Eric Suffoletto -
Danny Griffin -
David Hoppe -
Kendra Doherty -
Atlantic Capital Partners
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Mell's Tire & Auto Service - Everett, MA | 1865 Revere Beach Pky
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