198 Main St, Amesbury, MA 01913
8,777 SF | Retail Building | Amesbury, MA 01913 | $1,757,040 ($200/SF) | 7.50% Cap Rate
For Sale
Active
Asking Price $1,757,040
- Property Type
-
Retail
- Square Feet
- 8,777 SF
- Price / Square Foot
- $200
Listing Contacts
Robert Horvath
Todd Tremblay
Property Overview
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a freestanding Dollar General investment property located at 198 Main Street in Amesbury, Massachusetts (the “Property”). Dollar General has a new 10-year Double Net Lease that commenced in June 2024 that has 9+ years of term remaining and is followed by four (4), 5-year renewal options. The lease features attractive 10% rent increases every five years throughout the primary lease term and at the start of each renewal option. Located within the Shops at Patten’s Hollow, the Property benefits from its strategic location along Main Street, one of the area’s primary corridors. Dollar General has outstanding visibility and frontage and sits in between Downtown Amesbury and Interstate 495. The Property is within 1-mile of several area schools, and also provides convenient access to area highways and commercial and commuter corridors. Amesbury is located along the banks of the Merrimack River in northeaster Massachusetts, approximately 18 miles northwest of Lawrence and 38-miles north of Boston.
Property Details
- Class
- C
- Year Built/Renovated
- 1994/2024
- Stories
- 1
- Property Subtype
- Grocery/Convenience Store
- Lot Size (sq. ft)
- 30,056 SF
Highlights
- Attractive Rent Increases
- Investment Grade Credit
- Minimal Landlord Responsibilities
- Strategic Retail Location
- Recession Resistant Tenant
- Strong Demographics
Nearby Properties
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