995 N Montello St - Freestanding FOR SALE


Brockton, MA 02301
$1,634,928 USD
732-232-4351
995 N Montello St, Brockton, MA for Sale
$1,634,928 USD
Freestanding - FOR SALE
1/5
null | 8.5% Cap Rate

995 N Montello St
Brockton, MA 02301


HIGHLIGHTS

  • Long-Term Occupancy
  • Corporate Lease
  • Minimal Landlord Responsibilities
  • Recession & E-Commerce Resistant Tenant
  • High Traffic Counts
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the fee simple interest in an Advance Auto Parts located at 995 N Montello Street in Brockton, Massachusetts (the “Property”). Constructed in 2008, Advance Auto Parts has been at this location for 16+ years and recently extended their lease, demonstrating their commitment to the site and the market. Advance Auto Parts has 3+ years remaining on their lease with three (3), 5-year renewal options. The lease features an attractive 10% rent increase at the start of each renewal option. Advance Auto Parts is strategically located along N Montello Street (MA Route 28), one of the area’s primary commercial and commuter corridors. The Property enjoys outstanding frontage and visibility, is 1 mile from Walmart Supercenter, and is approximately 2-miles from Downtown Brockton. The Property offers convenient access to area schools (including Massasoit Community College and Stonehill College), retailers and restaurants, municipal offices, industrial and manufacturing parks, and area employers, all of which drive traffic to the area. Advance Auto Parts is surrounded by densely developed residential neighborhoods that provide a built-in customer base. The Property is 2 miles from the Brockton Train Station and offers convenient access to MA Routes 24, 27, and 123. Brockton is located in Plymouth County approximately 25 miles south of Boston.

FOR SALE DETAILS

PRICE

$1,634,928 USD

PRICE/SF

$241 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Advance Auto Parts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,719 SF

ZONING

-

APN/PARCEL ID

BROC-000101-000367

ASK ABOUT THIS PROPERTY

Michael LombardiHorvath & TremblayMore Info
732-232-4351

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Michael LombardiHorvath & TremblayMore Info
732-232-4351

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