1191 Millbury St
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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.
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
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
PROPERTY TAXES
Parcel Number | WORC-000031-000003-000002-000003 | Improvements Assessment | $584,200 |
Land Assessment | $530,200 | Total Assessment | $1,114,400 |
PROPERTY TAXES
Parcel Number
WORC-000031-000003-000002-000003
Land Assessment
$530,200
Improvements Assessment
$584,200
Total Assessment
$1,114,400
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1191 Millbury St
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