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Dunkin' Plaza 32-44 Howland Rd 10,169 SF 100% Leased Retail Building Fairhaven, MA 02719 $3,655,998 CAD ($359.52 CAD/SF) 7% Cap Rate
Investment Highlights
- Long Term Leases
- Strong Anchor Tenant
- Traffic Counts
- Net Leases & Rent Increases
- Prime Retail Location
- Strong Demographics
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the Dunkin’ Plaza located at 32 Howland Road in Fairhaven, Massachusetts (the “Property”). The Property is improved by a 10,169 square foot building on 0.67-acres of land. The retail plaza is 100% occupied and is home to five (5) tenants including Dunkin’, Connoly’s Liquor, Leap of Faith Dance Studio, New York Life Insurance, and Cuticles Nails. Dunkin’ has a long operating history at this property, and the four other tenants are well known throughout the area. Three of the tenants have net leases and reimburse their pro-rata share of real estate taxes, insurance, and common area maintenance. The Dunkin’ Plaza is well located at the intersection of Sycamore Street and Howland Road, one of the area’s primary commuter corridors. Dunkin’ Plaza enjoys outstanding frontage, visibility, and access along Howland Road and is 0.4-miles from Interstate 195, 1.3 miles from US Route 6, and 2 miles from MA Route 240. The Property is situated in the northwest corner of Fairhaven and is surrounded by dense residential neighborhoods providing a built-in customer base. The Property also enjoys convenient access to area schools, municipal offices, and national retailers that drive traffic to the area. Fairhaven is situated along the shores of Buzzards Bay in southeastern Massachusetts and is approximately 1-mile east of New Bedford, 30-miles east of Providence, RI and 55 miles south of Boston.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,169 SF
Building Class
C
Year Built
2000
Price
$3,655,998 CAD
Price Per SF
$359.52 CAD
Cap Rate
7%
NOI
$255,920 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.35
Lot Size
0.67 AC
Zoning
RA
Frontage
Amenities
- Bus Line
- Pylon Sign
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Connolly's Liquor Mart
- Retailer
- -
- -
- -
- Cuticle Nail Salon
- Services
- -
- -
- -
-
- Retailer
- -
- -
- -
Fondée en 1950, Dunkin' est la plus grande marque de café et de beignets aux États-Unis, avec de nombreux restaurants sur de nombreux marchés mondiaux. Dunkin' fait partie de la famille de restaurants Inspire Brands. Avec le café préféré des États-Unis, des stratégies de boissons novatrices et des collations appétissantes, Dunkin' est devenue la marque que tout le monde connaît à l'échelle nationale et aime localement.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Connolly's Liquor Mart | Retailer | - | - | - | ||
| Cuticle Nail Salon | Services | - | - | - | ||
|
|
Retailer | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | FAIR-000019-000000-000243A | Improvements Assessment | $1,891,964 CAD |
| Land Assessment | $534,745 CAD | Total Assessment | $2,426,710 CAD |
Property Taxes
Parcel Number
FAIR-000019-000000-000243A
Land Assessment
$534,745 CAD
Improvements Assessment
$1,891,964 CAD
Total Assessment
$2,426,710 CAD
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Dunkin' Plaza | 32-44 Howland Rd
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