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Shopping Strip

Circle Furniture Center

425 Great Rd, Acton, MA 01720

Listing Price: $3,868,000

Cap Rate
6.62%
Gross SF
18,159
Rentable SF
18,159
Price/Gross SF
$213.01
Lot Size
3.10 acres
Year Built
1980

Investment Overview

The subject property is an 18,159 square foot retail strip center located on 3.1 acres of land in Acton, MA. The building is 100% occupied by six tenants. The anchor tenant is Circle Furniture who signed a brand new ten-year lease in 2021 and has been operating at this location for over 20 years. The property accommodates 95 vehicles in the front and rear of the building allowing ample parking for employees and customers. The property was built in 1980 and has two means of ingress/egress. The property is centrally located on Great Road (Route 2A) with easy access to Route 2 (3.5 miles south) and I-495 (4 miles north west). Hanscom Air Force Base is just 11 miles south east of the property and Boston is 31 miles south east. Nearby retailers include CVS Pharmacy, Trader Joe’s, Dollar Tree, Anytime Fitness, Ameriprise Financial, FedEx, ATI Physical Therapy, Acton Auto Boutique and more. The immediate area demographics are very strong and include over 62,000 people within a five-mile radius and an average household income over $177,000. Acton is a bustling town in Middlesex County that was named the 11th Best Place to Live among small towns in the country by Money Magazine in 2015 and the 16th best in 2009 and 2011. The office and industrial market in Acton is very strong with over 2.6 million square feet and 4% vacancy. The largest employers are Honeywell Data Instruments Inc., Haartz Corporation and Insulet Corporation, all employing over 250 employees in Acton. The multi-family market in Acton is also very strong with over 1,000 units and a vacancy rate of less than 2%. Market rent per unit has increased 17% year-over-year within the town proving how strong this suburban market is.

Investment Highlights

  • Six Tenant Retail Strip | 100% Occupied | Anchored by Circle Furniture
  • 1980 Construction | 3.1 Acres
  • Centrally Located on Great Road (Route 2A)

Exclusively Listed By

Shopping Strip

Circle Furniture Center

Listing Price: $3,868,000

Cap Rate
6.62%
Gross SF
18,159
Rentable SF
18,159
Price/Gross SF
$213.01
Lot Size
3.10 acres
Year Built
1980

Investment Highlights

  • Six Tenant Retail Strip | 100% Occupied | Anchored by Circle Furniture
  • 1980 Construction | 3.1 Acres
  • Centrally Located on Great Road (Route 2A)

Investment Overview

The subject property is an 18,159 square foot retail strip center located on 3.1 acres of land in Acton, MA. The building is 100% occupied by six tenants. The anchor tenant is Circle Furniture who signed a brand new ten-year lease in 2021 and has been operating at this location for over 20 years. The property accommodates 95 vehicles in the front and rear of the building allowing ample parking for employees and customers. The property was built in 1980 and has two means of ingress/egress. The property is centrally located on Great Road (Route 2A) with easy access to Route 2 (3.5 miles south) and I-495 (4 miles north west). Hanscom Air Force Base is just 11 miles south east of the property and Boston is 31 miles south east. Nearby retailers include CVS Pharmacy, Trader Joe’s, Dollar Tree, Anytime Fitness, Ameriprise Financial, FedEx, ATI Physical Therapy, Acton Auto Boutique and more. The immediate area demographics are very strong and include over 62,000 people within a five-mile radius and an average household income over $177,000. Acton is a bustling town in Middlesex County that was named the 11th Best Place to Live among small towns in the country by Money Magazine in 2015 and the 16th best in 2009 and 2011. The office and industrial market in Acton is very strong with over 2.6 million square feet and 4% vacancy. The largest employers are Honeywell Data Instruments Inc., Haartz Corporation and Insulet Corporation, all employing over 250 employees in Acton. The multi-family market in Acton is also very strong with over 1,000 units and a vacancy rate of less than 2%. Market rent per unit has increased 17% year-over-year within the town proving how strong this suburban market is.

Exclusively Listed By

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