10 Chelmsford StChelmsford, MA 01824

Property Details for 10 Chelmsford St

Year built

1930

Property size (Sq ft)

4,350 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional Class A, 4,350 square foot retail property in Chelmsford, MA, presents a compelling investment opportunity. Located at 10 Chelmsford St, 01824, this single-story, 1930-built building boasts a prime location with high visibility, attracting over 11,000 cars daily. The property features three separate retail units, each offering ideal layouts and benefiting from ample on-site parking within a 17,424 square foot lot. Currently operating under a Net Lease (NNN) agreement with a 7.35% cap rate and a strong NOI of $69,800, this multi-tenant investment offers immediate income potential. The asking price is $950,000, translating to $218.39 per square foot. Situated near the heart of Chelmsford Town Center and the public library, this property benefits from proximity to both local and national retail tenants. The property's attractive facade and strong tenant base make it an ideal investment for those seeking a stable, high-return asset. There is also potential for an owner-user to occupy one of the spaces, leveraging the existing infrastructure and prime location. This rarely available free-standing retail building offers a unique blend of immediate income and long-term growth potential.

Location Insight

City

Chelmsford

County

Middlesex

State

Massachusetts

Latitude

42.5974

Longitude

-71.3512

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