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1191 Millbury St

9,723 SF Retail Building Worcester, MA 01607 $3,100,000 ($319/SF)

Executive Summary

NAI Glickman Kovago & Jacobs is offering 1191 Millbury Street in Worcester, MA for sale to investors. The property is fully occupied by Resinate Dispensary on an NNN lease through 5/31/2029. This 9,723 sq ft building has excellent highway access and strong demographics supporting a large customer base. Resinate has operated here since 2019. Contact one of the listing brokers for financial information associated with the offering.
Located less than half a mile from Route 146, this location offers excellent access to major roadways in Central Massachusetts. The I-90 and Route 20 interchange is just two miles south, and I-290 in Worcester is two miles north.
This prime location boasts a 10-mile population of 400,000 people with an average household income of $104,000, providing the operating company with strong local demographics.
The surrounding area is home to major retailers such as Walmart, Gamestop, GNC & Greatclips.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,723 SF
Building Class
C
Year Built
1998
Price
$3,100,000
Price Per SF
$319
Tenancy
Single
Building Height
2 Stories
Building FAR
0.16
Lot Size
1.38 AC
Zoning
MG-1
Parking
45 Spaces (4.63 Spaces per 1,000 SF Leased)

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Resinate Inc
  • Retailer
  • 9,723 SF
  • $25.37
  • Triple Net
  • May 2029
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Resinate Inc Retailer 9,723 SF $25.37 Triple Net May 2029

Nearby Major Retailers

Price Chopper
Olive Garden Italian Rstrnt
Digital Federal Credit Union
Ww - Weight Watchers
United Rentals

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
WORC-000031-000003-000002-000003
Land Assessment
$530,200
Improvements Assessment
$584,200
Total Assessment
$1,114,400
  • Listing ID: 32306224

  • Date on Market: 7/1/2024

  • Last Updated:

  • Address: 1191 Millbury St, Worcester, MA 01607

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