1244 Boston RdSpringfield, MA 01119

Property Details for 1244 Boston Rd

Year built

1970

Lot size

1.03 AC

Property size (Sq ft)

4,740 SF

Zone code

SR1B1

Property type

Retail space

APN

SPRI S:01655 P:0232

APU

SPRIS01655P0232

Description

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.

Location Insight

City

Springfield

County

Hampden

State

Massachusetts

Latitude

42.1408

Longitude

-72.5025

CBSA code

44140

CBSA name

SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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