40-44 Holyoke St - Retail FOR SALE


Holyoke, MA 01040
$6,800,000 USD
508-272-0585
40-44 Holyoke St, Holyoke, MA for Sale
$6,800,000 USD
Retail - FOR SALE
1/6
null | 7.25% Cap Rate

40-44 Holyoke St
Holyoke, MA 01040


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$6,800,000 USD

PRICE/SF

$1,021 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holyoke Landing

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C

APN/PARCEL ID

HOLY-000117-000000-000005

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.