236 North St - Freestanding FOR SALE


Cheshire, MA 01225
$1,756,000 USD
858-373-3130
236 North St, Cheshire, MA for Sale
$1,756,000 USD
Freestanding - FOR SALE
1/7
null | 7% Cap Rate

236 North St
Cheshire, MA 01225


HIGHLIGHTS

  • Corporate NNN Lease with 7+ Years Remaining (No Landlord Responsibilities)
  • Dollar General (NYSE:DG) holds an Investment Grade Credit Rating (S&P:BBB)
  • Rare New England Area Dollar General

OVERVIEW

Marcus & Millichap is please to present a freestanding Dollar General located in Cheshire, Massachusetts. There are currently 7+ years remaining on an original 15 year NNN lease. The lease provides 4, 5-year renewal options with 10% rental increases. The subject property is strategically located along Massachusetts Route 8 (North St), steps away from the world famous Appalachian Trail, with supportive single family homes lying primarily to the south and east.

FOR SALE DETAILS

PRICE

$1,756,000 USD

PRICE/SF

$193 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

1.49 AC

LAND SF

64,904 SF

ZONING

General Business

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Robb JohnsonMarcus & MillichapMore Info
858-373-3130

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Robb JohnsonMarcus & MillichapMore Info
858-373-3130

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