Lantern Plaza Shopping Center | 206 E Washington St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Lantern Plaza Shopping Center 206 E Washington St
71,297 SF 100% Leased Retail Building North Attleboro, MA 02760 £14,631,815 (£205/SF) 7.30% Net Initial Yield
Investment Highlights
- LONG-STANDING TENANCY
- RECENT RENOVATIONS SIGNAL ENDURING COMMITMENT
- ATTRACTIVE LOCAL DEMOGRAPHICS
- EXCEPTIONALLY HIGH PERFORMING LOCATION
- IDEALLY POSITIONED ALONG ROUTE 1
- OFFERED FREE-AND-CLEAR OF EXISTING DEBT
Executive Summary
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Lantern Plaza, a Stop & Shop anchored center located in North Attleboro, MA. This 71,297 SF asset has been 100% occupied since it was originally constructed to accommodate Stop & Shop in 1993. The property, which was originally constructed and entirely leased by Stop & Shop, currently features two tenants with the the smaller portion of the income being generated by New Shogun, a long-standing restaurant operating under a lease through February 2026. This 6,000 SF tenant, was originally a sublease by Stop & Shop, but in 2021 the landlord took over control of the space and executed a long-term lease directly with the restaurant.
Situated along Route 1 (East Washington Street), the property is ideally situated at a signalized intersection along this major corridor. Lantern Plaza also shares access with a freestanding McDonalds, which has been in occupancy since early 2000s. Positioned as the most convenient grocery option for the community, this site has served as a location for the grocer since opening in 1993. The Stop & Shop lease, which is currently in their third option, has $0.50 per SF escalation is each of their remaining extension periods.
Situated along Route 1 (East Washington Street), the property is ideally situated at a signalized intersection along this major corridor. Lantern Plaza also shares access with a freestanding McDonalds, which has been in occupancy since early 2000s. Positioned as the most convenient grocery option for the community, this site has served as a location for the grocer since opening in 1993. The Stop & Shop lease, which is currently in their third option, has $0.50 per SF escalation is each of their remaining extension periods.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
71,297 SF
Building Class
C
Year Built/Renovated
1993/2018
Price
£14,631,815
Price Per SF
£205
Net Initial Yield
7.30%
NOI
£1,068,123
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Loading Docks
6 Exterior
Building FAR
0.13
Lot Size
12.85 AC
Zoning
C60 - Limited Highway Commercial District
Parking
490 Spaces (6.87 Spaces per 1,000 SF Leased)
Frontage
403 ft on E Washington St
Amenities
- Bus Route
- Pylon Sign
- Signalised Intersection
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | NATT-000004-000134 | Improvements Assessment | £4,677,251 |
| Land Assessment | £2,253,378 | Total Assessment | £6,930,629 |
PROPERTY TAXES
Parcel Number
NATT-000004-000134
Land Assessment
£2,253,378
Improvements Assessment
£4,677,251
Total Assessment
£6,930,629
1 of 6
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Lantern Plaza Shopping Center | 206 E Washington St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.