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Single-Tenant Industrial

FleetPride | 10-Year NNN Lease

32 Century St, Agawam, MA 01001

Listing Price: $4,675,000

Cap Rate
6.00%
Gross SF
33,000
Price/Gross SF
$141.67
Lot Size
2.90 acres
Year Built
1961
Rentable SF
33,000

Investment Overview

--High Credit Tenant

-Strong Corporate Guarantee: Backed by a Tenant with Over $6 Billion in Annual Revenue

-Market Leadership: FleetPride Is the Largest U.S. Distributor of Heavy-Duty Truck and Trailer Parts and Services

-Mission Critical Location: FleetPride Service Center with 12 Truck Bays to Perform Maintenance on Heavy Duty Trucks

-Fair Market Value Renewals: Lease Renewal Options are at Fair Market Value, Providing a Great Hedge Against Inflation

-E-Commerce & Recession-Resilient: FleetPride's Business Model Is Well-Suited to Thrive in Various Economic Condition

--Strong Real Estate Fundamentals

-Highly Desirable IOS Site: The Property Boasts a Large 2.91-Acre Lot, a Key Feature in Today’s Market

-Long-Term Occupancy: FleetPride Has Consistently Renewed Its Lease and Operated Successfully at This Location Since 2005

-Excellent Condition: Both Tenant and Landlord Have Invested in Significant Capital Improvements, Maintaining the Property in Top Condition

-Investor-Friendly: This NN Industrial Property Offers Minimal Landlord Responsibilities, Ideal for Investors Who Are Not Local to the Market

-Located in a Dense Industrial Area with other National Brands such as Pepsi Bottling Group, FedEx Ground, Amazon, Old Dominion Freight, Thermo King, H&E Equipment Services, ABF Freight, Motion Industries, Epiroc, Culligan, and Many More within Close Proximity to the Subject Property


--Pride of Ownership Springfield, MA

-High Density Population: Over 223,000 Residents within 5 Miles

-Strong Daytime Workforce: Over 237,000 Daytime Employees within 5 Miles

-Affluent Population: Average Household Income Exceeds $84,000 within 5 Miles

Investment Highlights

  • FleetPride: A Highly Reputable, B- Rated Industrial Tenant With Over 300 Locations Across the U.S.
  • Mission-Critical Location: FleetPride Has Operated at This Site for Over 20 Years and Recently Committed to a 10-Year Lease Extension, Proving the Tenant's Commitment to the Site
  • Prime Location: Strategically Positioned Off the Intersection of I-91 Freeway and the I-57 Highway with Combined Traffic Counts Exceeding 145,000 Cars Per Day

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Vice President/Regional Manager

    (617) 896-7220

    License(s) MA: 1000485

    Massachusetts

Single-Tenant Industrial

FleetPride | 10-Year NNN Lease

Listing Price: $4,675,000

Cap Rate
6.00%
Gross SF
33,000
Price/Gross SF
$141.67
Lot Size
2.90 acres
Year Built
1961
Rentable SF
33,000

Investment Highlights

  • FleetPride: A Highly Reputable, B- Rated Industrial Tenant With Over 300 Locations Across the U.S.
  • Mission-Critical Location: FleetPride Has Operated at This Site for Over 20 Years and Recently Committed to a 10-Year Lease Extension, Proving the Tenant's Commitment to the Site
  • Prime Location: Strategically Positioned Off the Intersection of I-91 Freeway and the I-57 Highway with Combined Traffic Counts Exceeding 145,000 Cars Per Day

Investment Overview

--High Credit Tenant -Strong Corporate Guarantee: Backed by a Tenant with Over $6 Billion in Annual Revenue -Market Leadership: FleetPride Is the Largest U.S. Distributor of Heavy-Duty Truck and Trailer Parts and Services -Mission Critical Location: FleetPride Service Center with 12 Truck Bays to Perform Maintenance on Heavy Duty Trucks -Fair Market Value Renewals: Lease Renewal Options are at Fair Market Value, Providing a Great Hedge Against Inflation -E-Commerce & Recession-Resilient: FleetPride's Business Model Is Well-Suited to Thrive in Various Economic Condition --Strong Real Estate Fundamentals -Highly Desirable IOS Site: The Property Boasts a Large 2.91-Acre Lot, a Key Feature in Today’s Market -Long-Term Occupancy: FleetPride Has Consistently Renewed Its Lease and Operated Successfully at This Location Since 2005 -Excellent Condition: Both Tenant and Landlord Have Invested in Significant Capital Improvements, Maintaining the Property in Top Condition -Investor-Friendly: This NN Industrial Property Offers Minimal Landlord Responsibilities, Ideal for Investors Who Are Not Local to the Market -Located in a Dense Industrial Area with other National Brands such as Pepsi Bottling Group, FedEx Ground, Amazon, Old Dominion Freight, Thermo King, H&E Equipment Services, ABF Freight, Motion Industries, Epiroc, Culligan, and Many More within Close Proximity to the Subject Property --Pride of Ownership Springfield, MA -High Density Population: Over 223,000 Residents within 5 Miles -Strong Daytime Workforce: Over 237,000 Daytime Employees within 5 Miles -Affluent Population: Average Household Income Exceeds $84,000 within 5 Miles

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Vice President/Regional Manager

    (617) 896-7220

    License(s): MA: 1000485

    Massachusetts

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