384 Main St - Storefront FOR SALE


Williamstown, MA 01267
$1,853,000 USD
760-448-1372
384 Main St, Williamstown, MA for Sale
$1,853,000 USD
Storefront - FOR SALE
1/8
null | 7.54% Cap Rate

384 Main St
Williamstown, MA 01267


HIGHLIGHTS

  • DOLLAR GENERAL (S&P: BBB) & SUBWAY - STRONG CORPORATE LEASE GUARANTEES
  • OWNERSHIP COMPLETED EXTENSIVE CAPITAL IMPROVEMENTS IN 2024 – NEW ROOF &PARKING LOT - NO DEFERRED MAINTENANCE
  • ATTRACTIVE RENT GROWTH WITHIN THE INITIAL LEASE TERM & RENEWAL OPTIONS
  • DESIRABLE RETAIL REAL ESTATE | SUBJECT PROPERTY HAS A SUCCESSFUL LONG TERM OPERATING HISTORY
  • TENANTS RECENTLY EXECUTED RECENT LEASE EXTENSIONS SHOWING A CONTINUED COMMITMENT TO THE SITE
  • DESIRABLE MULTI-TENANT RETAIL INVESTMENT PLATFORM - HEDGES INCOME STREAM IN RARE EVENT OF A VACANCY | IN-PLACE MANAGEMENT OPTION AVAILABLE

OVERVIEW

We are please to present the Fee Simple Two-Tenant Dollar General & Subway investment opportunity located in Williamstown, MA. Dollar General and Subway both operate under strong corporate lease guarantees. Both tenants recently exercised lease renewals, showing their long-term commitment to the site. Ownership completed extensive capital improvements in 2024, including a new roof & parking lot. Attractive rent growth with Dollar General’s 5% rent increases every 5 years and Subway’s 2.5% annual rent increases.

FOR SALE DETAILS

PRICE

$1,853,000 USD

PRICE/SF

$164 USD /SF

CAP RATE

7.54%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General & Subway

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

1.69 AC

LAND SF

73,616 SF

ZONING

pb

APN/PARCEL ID

WILL-000111-000000-000030

ASK ABOUT THIS PROPERTY

Drew OlsonLee & AssociatesMore Info
760-448-1372

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

Drew OlsonLee & AssociatesMore Info
760-448-1372

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