For Sale
$1,425,000

1244 Boston Rd Springfield, MA 01119

High-Yield Mattress Firm Storefront

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional Class A, 4,800 square foot storefront, located at 1244 Boston Rd in Springfield, Massachusetts (APN 016550232), presents a compelling investment opportunity. The property is currently 100% occupied by a Mattress Firm under an absolute NNN lease with approximately three years remaining until November 29, 2027. The lease boasts a strong history, with the tenant occupying the space for over two decades. The building features a recently installed new roof and benefits from excellent street frontage and high visibility on a busy retail thoroughfare. The property offers a 6.00% cap rate, with a current NOI of $86,112 and a pro-forma NOI of $86,062. The asking price is $1,425,000, translating to a price per square foot of $296.88. This fee-simple ownership opportunity provides a stable, high-yield investment in a desirable retail location. The single-story building is situated in Hampden County, MA, zip code 01119. This is a rare chance to acquire a well-established, profitable retail property with a long-term tenant and significant upside potential.

Highlights

  • $1,425,000 asking price for this Class A, 4,800 square foot retail storefront.
  • Absolute NNN net lease with a single tenant (Mattress Firm).
  • Located at 1244 Boston Rd, Springfield, MA 01119.
  • 6.00% cap rate with a 3-year remaining lease term expiring 11/29/2027.
  • 100% occupancy and a current NOI of $86,112.

Property Details for 1244 Boston Rd

Property type
Retail properties, Retail space
Square Feet
4,800 SF
Class
A
Buildings
1
Stories
1
Units
1

Location Insight

City
Springfield
County
Hampden
State
Massachusetts
Latitude
42.1405113
Longitude
-72.5025039

FAQs

What type of property is this?
Retail property - High-Yield Mattress Firm Storefront
Where is the retail property located?
The property is located at 1244 Boston Rd Springfield, MA.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: $1,425,000 asking price for this Class A, 4,800 square foot retail storefront.; Absolute NNN net lease with a single tenant (Mattress Firm).; Located at 1244 Boston Rd, Springfield, MA 01119.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1244 Boston Rd
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