Skip to main content

Miscellaneous

Pilgrim Hill Shopping Center

10 Pilgrim Hill Rd, Plymouth, MA 02360

Listing Price: $11,425,000

Cap Rate
7.00%
Tenant Name
Advance Auto
Years Remaining On Lease
9.0
Guarantor
Corporate Guarantee
Rentable SF
117,172
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$6.83

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Pilgrim Hill Shopping Center located at 10 Pilgrim Hill Road in Plymouth, Massachusetts. The property is comprised of 117,172 total square feet on 10.49 acres of land. The shopping center is 100% occupied and the tenants include Ollie’s Bargain Outlet, Advance Auto Parts, Best Tile, Savers, and Barton’s Home Outlet. All these leases are corporately guaranteed with a significant weighted average lease term remaining of over 7.5 years. The tenant mix at this site consists of a complementary roster of home improvement (Best Tile, Home Outlet), discounted retailers (Ollie’s Bargain Outlet, Savers) and DIY auto parts (Advance Auto). This tenant line up is ideal as all feature products that consumers want to touch, feel, and see in person before purchasing making many of these products resistant to threats of e-commerce. Originally developed in 1996, the site had significant capital repairs and replacements done in 2020 including a brand-new roof which comes with a 25-year roof warranty. Located just off Pilgrim Highway (87K vehicles per day) and on Samoset Street (32K vehicles per day), the center has fantastic exposure to the affluent residents of the South Shore, as well as access to over 120K residents within a 10-mile radius.

Investment Highlights

  • Five Tenant Shopping Center with Corporate Leases
  • Brand New Roof Installed in 2020 | 25-Year Roof Warranty
  • Tenants Paying an Average Rental Rate of Only $8.70 PSF in Rent | WALT of Over 7.50 Years Remaining
  • 10.49 Acre Lot with Ample Parking and Easy Ingress/Egress
  • Exposure to Over 87K Vehicles on Pilgrim Highway (MA Route 3) and Over 32K Vehicles on Samoset Street Directly in Front of the Property

Exclusively Listed By

Financing By

Miscellaneous

Pilgrim Hill Shopping Center

Listing Price: $11,425,000

Cap Rate
7.00%
Tenant Name
Advance Auto
Years Remaining On Lease
9.0
Guarantor
Corporate Guarantee
Rentable SF
117,172
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$6.83

Investment Highlights

  • Five Tenant Shopping Center with Corporate Leases
  • Brand New Roof Installed in 2020 | 25-Year Roof Warranty
  • Tenants Paying an Average Rental Rate of Only $8.70 PSF in Rent | WALT of Over 7.50 Years Remaining
  • 10.49 Acre Lot with Ample Parking and Easy Ingress/Egress
  • Exposure to Over 87K Vehicles on Pilgrim Highway (MA Route 3) and Over 32K Vehicles on Samoset Street Directly in Front of the Property

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Pilgrim Hill Shopping Center located at 10 Pilgrim Hill Road in Plymouth, Massachusetts. The property is comprised of 117,172 total square feet on 10.49 acres of land. The shopping center is 100% occupied and the tenants include Ollie’s Bargain Outlet, Advance Auto Parts, Best Tile, Savers, and Barton’s Home Outlet. All these leases are corporately guaranteed with a significant weighted average lease term remaining of over 7.5 years. The tenant mix at this site consists of a complementary roster of home improvement (Best Tile, Home Outlet), discounted retailers (Ollie’s Bargain Outlet, Savers) and DIY auto parts (Advance Auto). This tenant line up is ideal as all feature products that consumers want to touch, feel, and see in person before purchasing making many of these products resistant to threats of e-commerce. Originally developed in 1996, the site had significant capital repairs and replacements done in 2020 including a brand-new roof which comes with a 25-year roof warranty. Located just off Pilgrim Highway (87K vehicles per day) and on Samoset Street (32K vehicles per day), the center has fantastic exposure to the affluent residents of the South Shore, as well as access to over 120K residents within a 10-mile radius.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower