160-168 W Rodney French Blvd
New Bedford, MA 02744

The KeyPoint Investment Sales team has been exclusively engaged to sell the fee simple interest in Oceanside Plaza in New Bedford, MA. This fully occupied 42,863 SF shopping center includes Advance Auto, Family Dollar, H & R Block, and the Commonwealth of Massachusetts Department of Transitional Assistance (DTA). DTA recently extended their lease through 2023. Combined, these four high credit-quality tenants account for 91% of the GLA and 94% of the total base rent. In addition, the property includes a dental practice and a local restaurant. The asset benefits from a strong location on busy West Rodney French Boulevard. Excellent visibility and access together with ample off-street parking are provided. New Bedford is a densely populated city of 95,000 residents located in Southeastern Massachusetts. Downtown New Bedford and Route 195 are approximately one mile north. This attractive opportunity provides the potential for additional development between Family Dollar and Advance Auto. It is being offered for sale at $4,875,000, which represents an 8.5% capitalization rate. No hard bid date has been established and credible offers will be considered on a rolling basis.