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Advance Auto 355 Palmer Rd 7,000 SF Retail Building Ware, MA 01082 $2,226,692 CAD ($318.10 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Limited Responsibility Double-Net Lease
- Recession Resistant Due to Non-Discretionary Nature of Services
- Corporate Guarantee
- Strong Demographics
EXECUTIVE SUMMARY
Surmount is pleased to present the Broker Opinion of Value for an Advance Auto Parts located at 355 Palmer Road, Ware, MA. The site consists of roughly 7,000 rentable square feet of building space on an estimated 1.25-acre parcel of land. This Advance Auto Parts is subject to a 15-year Double Net (NN) lease. The current annual rent is $111,660 and has scheduled increases of 10.00% at each period.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,000 SF
Building Class
C
Year Built
2004
Price
$2,226,692 CAD
Price Per SF
$318.10 CAD
Cap Rate
7%
NOI
$155,868 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.25 AC
Zoning
RB1
PROPERTY TAXES
| Parcel Number | WARE-000009-000000-000088 | Improvements Assessment | $1,038,847 CAD |
| Land Assessment | $224,885 CAD | Total Assessment | $1,263,732 CAD |
PROPERTY TAXES
Parcel Number
WARE-000009-000000-000088
Land Assessment
$224,885 CAD
Improvements Assessment
$1,038,847 CAD
Total Assessment
$1,263,732 CAD
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Advance Auto | 355 Palmer Rd
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