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1865 Revere Beach Pky
Everett, MA 02149 Downtown Everett

$3,461,000 USD

Auto Dealership For Sale  •  20,297 SF

Property Details

  • Property Type Auto Dealership
  • Total Building Size 16,000 SF
  • Lot Size 0.36 AC
  • Building Class B
  • Year Built 1950
  • Cap Rate 7.00 %
  • Tenancy Single
  • Zoning BD
70 Transit Score
70 Walk Score

Highlights

NEW 10-YEAR LEASE PROVIDING LONG-TERM CASH FLOW STABILITY
3% ANNUAL RENT INCREASES THROUGHOUT BASE TERM AND RENEWAL OPTIONS
HIGH-VISIBILITY INFILL LOCATION ALONG REVERE BEACH PARKWAY (65,000+ VPD) & STRATEGIC ACCESS TO DOWNTOWN BOSTON, ROUTE 16, ROUTE 99, AND REGIONAL EMPLO
LOCATED WITHIN IMMEDIATE PROXIMITY TO ENCORE BOSTON HARBOR ($2.6B DEVELOPMENT), DRIVING 8-10 MILLION ANNUAL VISITORS AND OVER $1B IN GAMING REVENUE
POSITIONED NEAR PLANNED $500M NEW ENGLAND REVOLUTION SOCCER STADIUM (24,000 SEATS)
DENSE URBAN DEMOGRAPHICS: 363,761 RESIDENTS AND $130,112 AHHI WITHIN 3 MILES

Property Flyers

Cap Rate: 7.00 %

Amenities

  • Bus Line
  • Pylon Sign
  • Signage

Public Transportation

Commuter RailDriveWalkDistance
Chelsea (Newburyport/Rockport Line - MBTA) 3 min 13 min 0.7 mi
Malden Center (Haverhill Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line)) 5 min - 2.6 mi
AirportDriveWalkDistance
General Edward Lawrence Logan International 10 min - 4.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 12
Type: Surface
Included in Rent: Yes
Eric Suffoletto 508-272-0585 Atlantic Capital Partners
Eric Suffoletto 508-272-0585 Atlantic Capital Partners