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1 Minuteman Rd - Andover MA Stable Investment Prop. 1031
4,040 SF Retail Condo Unit in Andover, MA 01810
Investment Highlights
- Minuteman Landing is located right off of I-93 and a 20-mile drive to Boston, MA.
- The end-cap unit offers a private entrance, with ample parking.
- This property is conveniently located 3-5 minutes away from 6 hotels and 3 Office Parks ideal for clients and customers
Executive Summary
Minuteman Landing is situated just off of I-93 and at the intersection of River Road and Minuteman Blvd. The area features 3 large office parks, Shattuck, Minuteman and New England Business Park. In addition, there are 6 nationally recognized hotels with an occupancy rate that was running 80% pre-Covid. The shopping center is a campus like setting comprised of 2 buildings, a freestanding 10,000 sf The Learning Experience (sold late 2021) and a 14,000-sf strip tenanted by Boston Vision at the back end (sold late 2021) comprised of 5,500 sf unit. The offering end-cap unit is comprised of 4,040 square feet, fronting on River Road tenanted by award winning restaurant, Andiamo Restaurant and Bar. Andiamo Restaurant & Bar serves fresh, Italian food that is based off of traditional recipes. www.andiamo-restaurant.com/andiamo-andover
Property Facts
| Unit Size | 4,040 SF | Typical Floor Size | 4,040 SF |
| No. Units | 1 | Year Built | 2021 |
| Total Building Size | 4,040 SF | Tenancy | Single |
| Property Type | Retail (Condo) | Lot Size | 4.97 AC |
| Sale Type | Investment | Parking Ratio | 34.65/1,000 SF |
| Building Class | A | Sale Conditions | 1031 Exchange |
| Floors | 1 |
| Unit Size | 4,040 SF |
| No. Units | 1 |
| Total Building Size | 4,040 SF |
| Property Type | Retail (Condo) |
| Sale Type | Investment |
| Building Class | A |
| Floors | 1 |
| Typical Floor Size | 4,040 SF |
| Year Built | 2021 |
| Tenancy | Single |
| Lot Size | 4.97 AC |
| Parking Ratio | 34.65/1,000 SF |
| Sale Conditions | 1031 Exchange |
1 Unit Available
Unit 6
| Unit Size | 4,040 SF | NOI | $180,090 |
| Condo Use | Retail | No. Parking Spaces | 50 |
| Sale Type | Investment | Sale Conditions | 1031 Exchange |
| Unit Size | 4,040 SF |
| Condo Use | Retail |
| Sale Type | Investment |
| NOI | $180,090 |
| No. Parking Spaces | 50 |
| Sale Conditions | 1031 Exchange |
Description
Unit has street frontage with full visibility to River Road, Andover, MA. Professionally managed property makes this investment an almost maintenance free opportunity. Signaled intersection.
Sale Notes
Andover MA Stable Investment Property, NNN lease, personal guarantee, one of Merrimack Valleys most popular restaurants, with 4,040 sf unit. Just off I-93, located at street front, within 3 office parks, 6 hotels. Lease is personally guaranteed.
Amenities
- 24 Hour Access
- Conferencing Facility
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signalized Intersection
- Tenant Controlled HVAC
- Energy Performance Rating - A
- Monument Signage
- Air Conditioning
-
Daniel Connelly - Argyle Realty Group LLC
Presented by
Argyle Realty Group LLC
1 Minuteman Rd - Andover MA Stable Investment Prop. 1031
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