1445 Main St | Leicester, MA 01524
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1445 Main St
Leicester, MA 01524
Retail Property For Sale
Executive Summary
The 19,097 square feet Tractor Supply Company property sits just outside Worcester, at the heart of Worcester County, with a population of 800,000 and part of the Greater Boston area, which boasts over 4.6 million residents. Completed in October 2010, the property features a lease agreement that includes a 5% rent increase every 5 years and operates under a double net lease, with the landlord responsible for roof and structure maintenance. In 2022, the tenant committed to an early, long-term lease extension. Positioned strategically 0.7 miles from the Walmart Supercenter along Main Street/Route 9, a historic roadway paralleling I-90 and linking Boston with western Massachusetts through various towns, the site provides convenience and accessibility. The nearest Tractor Supply Company store is approximately a 30-minute drive away, making this location a valuable asset in a bustling retail corridor.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
19,097 SF
Building Class
B
Year Built
2010
Price
£5,370,032
Price Per SF
£281
Net Initial Yield
5.75%
NOI
£308,777
Tenancy
Single
Number of Floors
1
Building FAR
0.10
Lot Size
4.56 AC
Zoning
R1
Frontage
335 ft on Main St
PROPERTY TAXES
Parcel Number | LEIC-000026AB002801 | Improvements Assessment | £1,116,516 |
Land Assessment | £222,379 | Total Assessment | £1,338,895 |
PROPERTY TAXES
Parcel Number
LEIC-000026AB002801
Land Assessment
£222,379
Improvements Assessment
£1,116,516
Total Assessment
£1,338,895
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