7- Eleven Location Double Net Lease Investment!

951 Brock Ave, New Bedford, MA 02744

Property Details

Price:Price Not Disclosed
Building Size:4,536 SF
Property Type:Retail
Property Sub-type:Free Standing Bldg
Additional Sub-types:Street Retail
Property Use Type:Net Lease Investment with 5 years left on lease
Cap Rate:7%
Occupancy:100%
No. Stories:1
Tenancy:Multiple
Year Built:1951
Lot Size:0.10 AC
APN / Parcel ID:NEWB-000015-000000-000258
Parking Ratio:25 / 1,000 SF
Location Description

In between Brock Ave and Rodney French Blvd

Financial Summary   
Year2017
Net Operating Income$30,250
Major TenantsSF OccupiedLease Expired
7-Eleven Location #37361
1
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6Th Bristol Club Property
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$375,000 5,952 SF
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3
163 River Road
163 River Rd, New Bedford, MA 02745
$180,000 1,929 SF
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4
2,773 Sf Retail/Restaurant Building For Sale!
111 Ruth St, New Bedford, MA 02744
$60,000 2,773 SF
Retail
Coastal Commercial Real Estate

Website:coastalcommercialre.com

Coastal Commercial Real Estate
nery.corp@nerycorp.com
(508) 990-4280

Coastal Commercial Real Estate
700 Pleasant St. Suite 330
New Bedford, MA 02740

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Property Description

7 Eleven Location (Formerly Tedeschi Food Market) with Dunkin Donuts sub lease. $30,250 Net annual rental income beginning November 1st, 2017. Tenant pays property taxes and common area maintenance. Two 5 year options remaining until year 2032. 7-Eleven has first right of refusal to purchase for 30 days after an offer is submitted. No fuel station in place