ADVISORY AND TRANSACTIONAL SERVICES FOR SELLERS AND INVESTORS

Starbucks Verizon UniBank – Hopkinton, MA – NNN Lease

85 W. Main Street
Sold

SALE PRICE: $5,020,000
CAP RATE: 5.84%

  • New 2015 construction
  • Located just off I-495; corner location at signalized intersection (25,700 cars ADT)
  • Local, national and global tenants: Starbucks (opening Oct. 2015), IM Wireless (authorized Verizon retailer; opening mid-Nov. 2015), UniBank for Savings (open for business) and a Nail Salon (opening mid-Nov. 2015)
  • 50-acre, multi-use development directly adjacent from site on Lumber Street (behind Bank of America & Main Street Pediatrics site) with:
    • 30,000 SF of commercial/retail space
    • 300 unit 40 B residential component
  • Less than 30 miles west of Boston; Hopkinton is the starting point of the Boston Marathon
  • Part of Greater Boston — 10th in population among the nation’s MSA’s and 6th largest economy in the U.S.
  • Nearly 148,000 people, with an average household income of $119K, within seven miles
  • There are no features available

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$5,020,000

7,430 sf

Price:

$5,020,000

Cap Rate:

5.84%

Building Size:

7,430 sf

SF Land Area:

1.07 acres

Current NOI:

$293,393

Lease Type:

NNN

Remaining Term:

Varies

Status:

Closed

CONTACT BROKER

Michael O'Mara

(617) 239-3616

Download Offering Memorandum
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