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Dollar General & Subway 384 Main St

10,736 SF 100% Leased Retail Building Williamstown, MA 01267 £1,449,880 (£135/SF) 7.54% Net Initial Yield

Investment Highlights

  • DOLLAR GENERAL (S&P: BBB) & SUBWAY - STRONG CORPORATE LEASE GUARANTEES
  • ATTRACTIVE RENT GROWTH WITHIN THE INITIAL LEASE TERM & RENEWAL OPTIONS
  • TENANTS RECENTLY EXECUTED RECENT LEASE EXTENSIONS SHOWING A CONTINUED COMMITMENT TO THE SITE
  • OWNERSHIP COMPLETED EXTENSIVE CAPITAL IMPROVEMENTS IN 2024 – NEW ROOF &PARKING LOT - NO DEFERRED MAINTENANCE
  • DESIRABLE RETAIL REAL ESTATE | SUBJECT PROPERTY HAS A SUCCESSFUL LONG TERM OPERATING HISTORY
  • DESIRABLE MULTI-TENANT RETAIL INVESTMENT PLATFORM - HEDGES INCOME STREAM IN RARE EVENT OF A VACANCY | IN-PLACE MANAGEMENT OPTION AVAILABLE

Executive Summary

We are please to present the Fee Simple Two-Tenant Dollar General & Subway investment opportunity located in Williamstown, MA. Dollar General and Subway both operate under strong corporate lease guarantees. Both tenants recently exercised lease renewals, showing their long-term commitment to the site. Ownership completed extensive capital improvements in 2024, including a new roof & parking lot. Attractive rent growth with Dollar General’s 5% rent increases every 5 years and Subway’s 2.5% annual rent increases.

Attachments

Dollar General & Subway - Williamstown, MA

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
10,736 SF
Building Class
C
Year Built/Renovated
2008/2024
Price
£1,449,880
Price Per SF
£135
Net Initial Yield
7.54%
NOI
£109,383
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.15
Land Acres
1.69 AC
Zoning
pb - Retail Service/Trade
Parking
44 Spaces (4.1 Spaces per 1,000 SF Leased)
Frontage
198 ft on Main St

Amenities

  • Signage
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PROPERTY TAXES

Parcel Number WILL-000111-000000-000030 Improvements Assessment £1,062,332
Land Assessment £150,856 Total Assessment £1,213,189

PROPERTY TAXES

Parcel Number
WILL-000111-000000-000030
Land Assessment
£150,856
Improvements Assessment
£1,062,332
Total Assessment
£1,213,189
(760) 448-1372

  • Listing ID: 33313158

  • Date on Market: 26/09/2024

  • Last Updated:

  • Address: 384 Main St, Williamstown, MA 01267

The Retail Property at 384 Main St, Williamstown, MA 01267 is currently available For Sale. Contact Lee & Associates for more information.

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© 2024 CoStar Group

Dollar General & Subway | 384 Main St
(760) 448-1372 x

Dollar General & Subway | 384 Main St

1/2

Drew Olson

(760) 448-1372

(760) 448-1372

Ryan Bennett

(760) 448-2449

(760) 448-2449

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