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Holyoke Landing

2 Retail Properties Offered at £5,665,320 in Holyoke, MA

Executive Summary

Atlantic Capital Partners has been exclusively engaged to market for sale Holyoke Landing, a newly constructed retail strip center and freestanding NNN outparcel located in Holyoke, MA. Built in 2022 and sitting atop 1.96 AC, the Offering consists of a 6,660 SF three-tenant strip center leased to Starbucks, Sleep Number, and Milan Laser, on new, longterm leases. The property also features a 2,350 SF freestanding Popeyes on a longterm 15-year NNN ground lease, and 12 Tesla supercharger spaces providing additional passive income on the property on a new 10-year lease with 3% annual increases. The property sits at the entrance to the Holyoke Mall, the second largest mall in New England, and which sees nearly 10 million visitors annually, and draws from a huge consumer base with highway access.

Property Facts

Price £5,665,320
Price / SF £628.78 / SF
Net Initial Yield 6.85%
Sale Type Investment NNN
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 9,010 SF

Properties

Property Name / Address Property Type Size Year Built Individual Price
54 Holyoke St, Holyoke, MA 01040 Retail 2,350 SF 2022 -
40-44 Holyoke St, Holyoke, MA 01040 Retail 6,660 SF 2022 -
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  • Listing ID: 32211834

  • Date on Market: 21/06/2024

  • Last Updated:

  • Address: Holyoke Landing, Holyoke, MA

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