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Miscellaneous

Conway Behavioral Residence

107 Conway St, Greenfield, MA 01301

Listing Price: $761,000

Cap Rate
8.00%
Tenant Name
Vanderburgh House LLC
Gross SF
5,170
Guarantor
Corporate Guarantee
Rentable SF
5,170
Price/Gross SF
$147.20
Lease Type
Absolute Net
Rent Per Square Feet
$11.77

Investment Overview

The subject property is a Behavioral Residence located at 107 Conway Street in Greenfield, Massachusetts. This sale leaseback includes a 15-year lease to be executed at closing along with three five-year options. With 3% increases every year and an absolute NNN lease, this is a very desirable asset for an investor looking for passive income with no landlord responsibilities. There were $233,500 of capital improvements completed in 2019-2020. The property is located less than one mile from I-90, which has access to major markets in Massachusetts such as Springfield and Worcester. The property is just under a mile away from the Greenfield Community College. There are 17,456 people with an average household income of $78,161 within a 5-mile radius of the property.

Investment Highlights

  • Sale Leaseback with 15-Year Lease at Closing
  • 3% Rental Increases Annually
  • Less than 35 Miles from Springfield, MA

Exclusively Listed By

Miscellaneous

Conway Behavioral Residence

Listing Price: $761,000

Cap Rate
8.00%
Tenant Name
Vanderburgh House LLC
Gross SF
5,170
Guarantor
Corporate Guarantee
Rentable SF
5,170
Price/Gross SF
$147.20
Lease Type
Absolute Net
Rent Per Square Feet
$11.77

Investment Highlights

  • Sale Leaseback with 15-Year Lease at Closing
  • 3% Rental Increases Annually
  • Less than 35 Miles from Springfield, MA

Investment Overview

The subject property is a Behavioral Residence located at 107 Conway Street in Greenfield, Massachusetts. This sale leaseback includes a 15-year lease to be executed at closing along with three five-year options. With 3% increases every year and an absolute NNN lease, this is a very desirable asset for an investor looking for passive income with no landlord responsibilities. There were $233,500 of capital improvements completed in 2019-2020. The property is located less than one mile from I-90, which has access to major markets in Massachusetts such as Springfield and Worcester. The property is just under a mile away from the Greenfield Community College. There are 17,456 people with an average household income of $78,161 within a 5-mile radius of the property.

Exclusively Listed By

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