Auto Glass 825 Main St 1 800 pi² Commerce de détail Immeuble Waltham, MA 02451 2 073 750 $ CAD (1 152,08 $ CAD/pi²) 5,33% Taux de capitalisation

Atlantic Capital Partners has been exclusively engaged in the
sale of the new Auto Glass Now property located at 825 Main
Street in Waltham, MA. The 1,800 SF property was thoroughly
renovated in 2023 for Driven Brands’ Auto Glass Now concept,
including new roof, HVAC, and parking. The property features
excellent positioning, visibility, and co-tenancy along Main
Street in Waltham, one of Boston’s most dynamic trade areas.
The offering benefits from its positioning along the dense,
high-barrier-to entry Main Street corridor, and the submarket
broadly benefits from outstanding retail co-tenancy including
Market Basket, Hannaford, Marshalls, and CVS, among many
others, and substantial area demand drivers, including access
and proximity to the most affluent communities in Greater
Boston, positioning along I-95, and access to the submarket’s
robust daytime office population. Additionally, Waltham is
home two of the area’s major Universities: Brandeis University
(3,900 undergraduates) and Bentley University (3,500
undergraduates). Waltham has also emerged as a major hub
for biotech and life science companies, with rapid growth,
development and expansion from Cambridge and Watertown
into Waltham over the past four years and further, the area
is anchored by significant medical presence, including the
Boston Children’s Hospital Waltham outpatient facility.
Auto Glass Now signed a new 5-year lease upon delivery of
the property in 2023, with three (3), five (5)-year options
to renew, with 12% rent escalations at the beginning of
each option period. The Offering provides investors a rare
opportunity to acquire a high quality net lease property in
Waltham, MA, one of Greater Boston’s most attractive and
fundamentally vibrant submarkets.