1475 Newman Ave - Storefront FOR SALE


Seekonk, MA 02771
$4,996,000 USD
508-272-0585
1475 Newman Ave, Seekonk, MA for Sale
$4,996,000 USD
Storefront - FOR SALE
1/8
null | 5.3% Cap Rate

1475 Newman Ave
Seekonk, MA 02771


OVERVIEW

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of the single tenant grocery store, Stop & Shop in Seekonk, MA. The property is 40,734 SF and has been occupied by Stop & Shop since 1990. The lease with Stop & Shop was recently extended through 2035, demonstrating their long-term commitment to the location. The offering is absolute NNN lease with zero landlord responsibilities and sits atop 5.88 acres, enjoys excellent visibility, and serves as a daily needs anchor to the trade area for the communities outside of Providence, RI. The property is offered for sale free and clear of any existing debt.

FOR SALE DETAILS

PRICE

$4,996,000 USD

PRICE/SF

$81 USD /SF

CAP RATE

5.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stop & Shop

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

173

LAND DETAILS

LAND ACRES

9.13 AC

LAND SF

397,703 SF

ZONING

LB

APN/PARCEL ID

SEEK-000290-000000-000001A

ASK ABOUT THIS PROPERTY

Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.