825 Main St - Auto Repair FOR SALE


Waltham, MA 02451- Bank Square
$1,500,000 USD
508-272-0585
825 Main St, Waltham, MA for Sale
$1,500,000 USD
Auto Repair - FOR SALE
1/7
null | 5.33% Cap Rate

825 Main St
Waltham, MA 02451
Bank Square


OVERVIEW

Atlantic Capital Partners has been exclusively engaged in the sale of the new Auto Glass Now property located at 825 Main Street in Waltham, MA. The 1,800 SF property was thoroughly renovated in 2023 for Driven Brands’ Auto Glass Now concept, including new roof, HVAC, and parking. The property features excellent positioning, visibility, and co-tenancy along Main Street in Waltham, one of Boston’s most dynamic trade areas. The offering benefits from its positioning along the dense, high-barrier-to entry Main Street corridor, and the submarket broadly benefits from outstanding retail co-tenancy including Market Basket, Hannaford, Marshalls, and CVS, among many others, and substantial area demand drivers, including access and proximity to the most affluent communities in Greater Boston, positioning along I-95, and access to the submarket’s robust daytime office population. Additionally, Waltham is home two of the area’s major Universities: Brandeis University (3,900 undergraduates) and Bentley University (3,500 undergraduates). Waltham has also emerged as a major hub for biotech and life science companies, with rapid growth, development and expansion from Cambridge and Watertown into Waltham over the past four years and further, the area is anchored by significant medical presence, including the Boston Children’s Hospital Waltham outpatient facility. Auto Glass Now signed a new 5-year lease upon delivery of the property in 2023, with three (3), five (5)-year options to renew, with 12% rent escalations at the beginning of each option period. The Offering provides investors a rare opportunity to acquire a high quality net lease property in Waltham, MA, one of Greater Boston’s most attractive and fundamentally vibrant submarkets.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$833 USD /SF

CAP RATE

5.33%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Auto Glass

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

Business-B

APN/PARCEL ID

WALT-000059-000009-000019

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.