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West Holyoke Plaza 250 Westfield Rd 29,567 SF Retail Building Holyoke, MA 01040 $6,770,212 CAD ($228.98 CAD/SF) 7.60% Cap Rate
INVESTMENT HIGHLIGHTS
- 29,567 SF Neighborhood Retail Property
- Future Development Possible
- Mostly NNN Leases
- Long Term Tenancy
- 220 surface level parking spots (7.44 Spaces/1,000 SF Leased)
EXECUTIVE SUMMARY
Northeast Private Client Group is pleased to present West Holyoke Plaza, an 8-suite, 29,567 SF Dollar General anchored neighborhood retail center located at 250 Westfield Road in Holyoke, Massachusetts.
The property is situated on approximately 3.5 acres with 575 feet of frontage along Westfield Road, which experiences an Annual Average Daily Traffic count of approximately 17,878 vehicles per day, providing strong visibility and consistent consumer activity.
Tenant paid utilities and NNN reimbursements help maximize NOI for ownership. The main building includes approximately 20,000 SF of ground floor retail, a 6,000 SF finished lower level leased to the Holyoke Knights of Columbus, and an additional 4,000 SF of tenant and owner storage. Two outparcel buildings, approximately 1,000 SF and 2,000 SF respectively, provide additional rental income and further diversify revenue streams.
Originally constructed in 1963, the plaza has been well maintained and recently renovated, including upgrades to electrical and plumbing systems, stormwater management, paving, HVAC, and major portions of the parking lot.
The property offers investors immediate day one cash flow and a stabilized rent roll, with upside supported by 2025 contractual rent increases and scheduled escalations beginning in 2026, providing near-term appreciation for new ownership. Additional value add potential exists through possible expansion of the main building and further outparcel development.
The property is situated on approximately 3.5 acres with 575 feet of frontage along Westfield Road, which experiences an Annual Average Daily Traffic count of approximately 17,878 vehicles per day, providing strong visibility and consistent consumer activity.
Tenant paid utilities and NNN reimbursements help maximize NOI for ownership. The main building includes approximately 20,000 SF of ground floor retail, a 6,000 SF finished lower level leased to the Holyoke Knights of Columbus, and an additional 4,000 SF of tenant and owner storage. Two outparcel buildings, approximately 1,000 SF and 2,000 SF respectively, provide additional rental income and further diversify revenue streams.
Originally constructed in 1963, the plaza has been well maintained and recently renovated, including upgrades to electrical and plumbing systems, stormwater management, paving, HVAC, and major portions of the parking lot.
The property offers investors immediate day one cash flow and a stabilized rent roll, with upside supported by 2025 contractual rent increases and scheduled escalations beginning in 2026, providing near-term appreciation for new ownership. Additional value add potential exists through possible expansion of the main building and further outparcel development.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
29,567 SF
Building Class
C
Year Built/Renovated
1964/2014
Price
$6,770,212 CAD
Price Per SF
$228.98 CAD
Cap Rate
7.60%
NOI
$514,387 CAD
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.20
Lot Size
3.45 AC
Zoning
BL - Limited (neighborhood) business.
Parking
220 Spaces (7.44 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
- Accent Lighting
- Storage Space
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | HOLY-000157-000000-000071 | Improvements Assessment | $1,946,192 CAD |
| Land Assessment | $278,249 CAD | Total Assessment | $2,224,442 CAD |
PROPERTY TAXES
Parcel Number
HOLY-000157-000000-000071
Land Assessment
$278,249 CAD
Improvements Assessment
$1,946,192 CAD
Total Assessment
$2,224,442 CAD
CONTACTS
-
Drew Kirkland -
James Casey -
Francis Saenz -
Patrick Wheeler -
Anthony Rakauskas -
Northeast Private Client Group
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West Holyoke Plaza | 250 Westfield Rd
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