163 South St - Storefront FOR SALE


Pittsfield, MA 01201
$3,568,000 USD
760-448-1372
163 South St, Pittsfield, MA for Sale
$3,568,000 USD
Storefront - FOR SALE
1/9
null | 6.23% Cap Rate

163 South St
Pittsfield, MA 01201


HIGHLIGHTS

  • CORPORATE LEASE GUARANTY FROM O’REILLY AP (OCCUPIES 73% OF GLA) | STRONG INVESTMENT GRADE CREDIT (S&P: BBB) & PUBLICLY TRADED CO. (NASDAQ: ORLY)
  • NEW 15 YEAR NNN LEASE WITH O’REILLY | DESIRABLE MULTI-TENANT RETAIL INVESTMENT PLATFORM - HEDGES INCOME STREAM IN RARE EVENT OF A VACANCY
  • PRISTINE PROPERTY CONDITION | NO FUTURE DEFERRED MAINTENANCE | NEW ROOF (TRANSFERABLE WARRANTY), FACADE, PARKING LOT, & HVAC UNITS | IN-PLACE MGT
  • STRATEGIC PROPERTY LOCATION FOR TENANTS O’REILLY & BERKSHIRE MEDICAL | LESS THAN 1 MILE FROM BERKSHIRE MEDICAL CENTER (302 BEDS)
  • LIMITED COMPETITION FOR O’REILLY – PULLS BUSINESS FROM ENTIRE SOUTHERN PORTION OF TRADE AREA
  • PITTSFIELD, MASSACHUSETTS – LOCATED IN THE HEART OF THE BERKSHIRE MOUNTAINS | LARGEST CITY IN BERKSHIRE COUNTY & BERKSHIRE MOUNTAINS

OVERVIEW

We are pleased to present the Fee Simple interest in the O’Reilly Auto Parts (S&P: BBB) anchored 3 tenant Strip Center Investment located in Pittsfield, MA. O’Reilly Auto signed a new 15-year lease that commenced in January 2024. This is a strategic location for O’Reilly as they are able to pull business form the entire southern portion of the trade area, while being located in the downtown Pittsfield area. The Landlord has also just completed new roof, new façade, and new parking lot, virtually zero deferred maintenance. Desirable Multi-Tenant retail investment, that hedges income against any future vacancy risk, with passive net leases.

FOR SALE DETAILS

PRICE

$3,568,000 USD

PRICE/SF

$259 USD /SF

CAP RATE

6.23%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

O'Reilly Auto Parts Anchored Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Auto Repair, Freestanding, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

66

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

BG

APN/PARCEL ID

PITT-000008H-000007-000001

ASK ABOUT THIS PROPERTY

Drew OlsonLee & AssociatesMore Info
760-448-1372

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Drew OlsonLee & AssociatesMore Info
760-448-1372

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