Atlantic Capital Partners has been exclusively
engaged to market for sale Holyoke Landing,
a newly constructed retail strip center and
freestanding NNN outparcel located in Holyoke,
MA. Built in 2022 and sitting atop 1.96 AC,
the Offering consists of a 6,660 SF threetenant strip center leased to Starbucks, Sleep
Number, and Milan Laser, on new, long-term
leases. The property also features a 2,350 SF
freestanding Popeyes on a long-term 15-year
NNN ground lease, and 12 Tesla supercharger
spaces providing additional passive income
on the property on a new 10-year lease with
3% annual increases. The property sits at the
entrance to the Holyoke Mall, the second largest
mall in New England, and which sees nearly 10
million visitors annually, and draws from a huge
consumer base with highway access.
Holyoke Landing is being offered free and clear
of existing debt and with an asking price of
$6,800,000, or a 7.25% cap rate.