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3105A Cranberry Hwy 7,019 SF Retail Building East Wareham, MA 02538 $3,208,174 CAD ($457.07 CAD/SF) 7.65% Cap Rate
Executive Summary
Atlantic Capital Partners has been exclusively engaged to
solicit offers for the sale of Advanced Auto Parts located
in East Wareham, Massachusetts. This 7,000 SF asset
sits in the major retail node of East Wareham, a gateway
submarket to Cape Cod which sees a summertime
population swell to almost 5M visitors. The property
benefits from its excellent frontage along Cranberry
Highway which sees 34,800 vehicles per day.
Located at 3105 Cranberry Highway, Advance Auto Parts
signed a 15-year lease in 2006 and recently extended the
base term of the lease to expire in October 2031. The lease
features 7.5% rental increases every 5 years including
throughout its three (3), five (5) year options. Advance
Auto Parts is paying $167,000 with the next escalation
in November 2025. This offering presents an excellent
opportunity to acquire a stable asset in a retail market
servicing the coastal communities of Buzzard’s Bay.
solicit offers for the sale of Advanced Auto Parts located
in East Wareham, Massachusetts. This 7,000 SF asset
sits in the major retail node of East Wareham, a gateway
submarket to Cape Cod which sees a summertime
population swell to almost 5M visitors. The property
benefits from its excellent frontage along Cranberry
Highway which sees 34,800 vehicles per day.
Located at 3105 Cranberry Highway, Advance Auto Parts
signed a 15-year lease in 2006 and recently extended the
base term of the lease to expire in October 2031. The lease
features 7.5% rental increases every 5 years including
throughout its three (3), five (5) year options. Advance
Auto Parts is paying $167,000 with the next escalation
in November 2025. This offering presents an excellent
opportunity to acquire a stable asset in a retail market
servicing the coastal communities of Buzzard’s Bay.
Data Room Click Here to Access
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,019 SF
Building Class
C
Year Built
2006
Price
$3,208,174 CAD
Price Per SF
$457.07 CAD
Cap Rate
7.65%
NOI
$245,425 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.38 AC
Parking
46 Spaces (6.55 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Advance Auto Parts
- Retailer
- -
- -
- Aug 2031
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Advance Auto Parts | Retailer | - | - | Aug 2031 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | WARE-000010-000000-001004 | Improvements Assessment | $1,291,363 CAD |
| Land Assessment | $328,924 CAD | Total Assessment | $1,620,287 CAD |
Property Taxes
Parcel Number
WARE-000010-000000-001004
Land Assessment
$328,924 CAD
Improvements Assessment
$1,291,363 CAD
Total Assessment
$1,620,287 CAD
Contacts
-
Eric Suffoletto -
David Hoppe -
Danny Griffin -
Ben Olmstead -
Atlantic Capital Partners
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3105A Cranberry Hwy
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