For Sale
$4,912,000
51 Commercial StBraintree, MA 02184
Braintree, MA: 3-Tenant Retail Center
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 118
Highlights
- Strong Tenancy: 7-Eleven (19 years at location, A-rated credit) occupies 44% with a lease expiring soon, including one 5-year renewal option. Eastern Bank (40% occupancy, investment-grade credit) has a lease with two 5-year renewal options. Both recently renovated their spaces.
- Outstanding Location: Signalized intersection of Commercial, Shaw, and Quincy Streets, near the East Braintree/Weymouth Landing Commuter Rail Station and Landing 53 (172-unit residential development).
- Attractive Rent Increases: Leases feature significant rent increases: 7-Eleven (10%), Eastern Bank (15% per option), and T-Mobile (1.8% annually).
- Percentage Rent Clause: 7-Eleven pays 2% of annual sales exceeding $1,500,000.
- Investment-Grade Credit: 7-Eleven (A-rated credit) and Eastern Bank (investment-grade credit) are tenants.
- Minimal Management Responsibilities: Tenants cover real estate taxes, insurance, operating expenses, and repairs.
Property Details for 51 Commercial St
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 8,870 SF
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 30,928 SF
- Units
- 3
Location Insight
- City
- Braintree
- County
- Norfolk
- State
- Massachusetts
- Latitude
- 42.2211359
- Longitude
- -70.9696057
51 Commercial St, Braintree, Massachusetts
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