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Shopping Neighborhood

Railroad Ave

7 Railroad Ave, Gloucester, MA 01930

Listing Price: $7,350,000

Cap Rate
7.20%
Gross SF
37,340
Rentable SF
37,340
Price/Gross SF
$196.84
Lot Size
2.96 acres
Year Built
1960

Investment Overview

Marcus & Millichap is pleased to offer for sale a net leased, Shaw’s Supermarket centrally located in Gloucester, MA. Situated adjacent to the Commuter Rail, the center has been servicing the community since the 1960s.

Investment Highlights

  • CENTRALLY LOCATED IN TOWN NEXT TO COMMUTER RAILThe Shaw's is centrally located in the town of Gloucester adjacent to the commuter line, with 126 parking spaces on a 125,375 SF lot (2.87 acres).
  • SINGLE TENANT, NNN LEASED PROPERTY WITH UPSIDE!The 37,340 sq ft center is occupied by a Shaw's that master leases 33,515 sq ft of space, of which it sublets 4,890 sq ft to a local liquor store and kee
  • SHAW'S HAS FULL RESPONSIBILITY FOR MAINTAINING THE CENTER'S CAM

Exclusively Listed By

  • James M. Koury

    Senior Managing Director Investments

    (617) 896-7231

    Email James

    License(s): MA: 9010104, RI: REB.0014481, NH: 005566, ME: DB904355, NY: 10301206120, CT: REB.0755412

    Boston

  • Alex Quinn

    Associate

    (617) 896-7284

    Email Alex

    License(s): MA: 9555660

    Boston

Listing Price: $7,350,000

Cap Rate
7.20%
Gross SF
37,340
Rentable SF
37,340
Price/Gross SF
$196.84
Lot Size
2.96 acres
Year Built
1960

Investment Highlights

  • CENTRALLY LOCATED IN TOWN NEXT TO COMMUTER RAILThe Shaw's is centrally located in the town of Gloucester adjacent to the commuter line, with 126 parking spaces on a 125,375 SF lot (2.87 acres).
  • SINGLE TENANT, NNN LEASED PROPERTY WITH UPSIDE!The 37,340 sq ft center is occupied by a Shaw's that master leases 33,515 sq ft of space, of which it sublets 4,890 sq ft to a local liquor store and kee
  • SHAW'S HAS FULL RESPONSIBILITY FOR MAINTAINING THE CENTER'S CAM

Investment Overview

Marcus & Millichap is pleased to offer for sale a net leased, Shaw’s Supermarket centrally located in Gloucester, MA. Situated adjacent to the Commuter Rail, the center has been servicing the community since the 1960s.

Exclusively Listed By

  • James M. Koury

    Senior Managing Director Investments

    (617) 896-7231

    Email James

    License(s): MA: 9010104, RI: REB.0014481, NH: 005566, ME: DB904355, NY: 10301206120, CT: REB.0755412

    Boston

  • Alex Quinn

    Associate

    (617) 896-7284

    Email Alex

    License(s): MA: 9555660

    Boston

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