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176 W State St
Granby, MA 01033

Dollar General · Retail Property For Sale

Investment Highlights

  • Brand New Construction | Build-to-Suit Dollar General
  • Rental Increases of 10% In Each Option Period
  • Corporate Location | Corporate Guarantee
  • Newly Executed 15-Year Absolute Triple Net (NNN) Lease; Passive
  • Tenant Renewal Options: Four Periods of Five Years, Each bringing the Potential Lease Term Remaining to 35 Years
  • Surrounding Tenants Include: Dunkin’ Donuts, CVS Pharmacy, Subway, Cumberland Farms, U.S. Postal Service, Florence Bank, and More

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
7,499 SF
Building Class
C
Year Built
2020
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
3.62 AC
Zoning
COM
Parking
14 Spaces
Frontage
165 FT on West State Street

About 176 W State St , Granby, MA 01033

The subject Dollar General is located at 176 West State Street in Granby, MA. This Dollar General is well-positioned in a suburban throughway consisting of many national and local tenants, schools, government offices, and local attractions. National and local tenants in the area include Dunkin’ Donuts, CVS Pharmacy, Subway, Cumberland Farms, U.S. Postal Service, Florence Bank, and more. Hospitality accommodations within immediate proximity to this property include The Stony Brook Lodge, Granby Motel, and Green Meadow Bed and Breakfast. The subject investment property is located within a one-mile radius of many of Granby’s government and recreational buildings, including: Granby Public Library, Granby Police Station, Granby Building Inspector Department, the Granby Tax Collectors Office, and more. The subject investment property is located less than seven miles from The Westover Air Reserve Base. Westover Air Reserve Base has been in operation since 1940 and served as a bomber training base and port of embarkation/debarkation during World War II. Westover is the nation's largest Air Force Reserve base and is home to more than 5,500 military and civilian workers. Furthermore, this area is known as the Five College Consortium, which consists of University of Massachusetts Amherst, Amherst College, Hampshire College, Smith College, and Mount Holyoke College. Combined, these five college have a student body of more than 38,000 students. Granby is also part of the Springfield Metropolitan Area. Located along the Connecticut River, Springfield is the economic center of Western Massachusetts. It features the Pioneer Valley’s largest concentration of retail, manufacturing, entertainment, banking, legal, and medical groups. With 25 universities and colleges within a fifteen-mile radius from Springfield, including several of America's most prestigious universities and liberal arts colleges, and more than six institutions within the city itself, the Hartford-Springfield metropolitan area has been dubbed the Knowledge Corridor by regional educators, civic authorities, and businessmen. Springfield is also a city of innovation and vibrancy. MGM Grand built a $950 million casino and entertainment destination, CRRC Rail Corporation built a $566 million North American hub, and there is a $94 million Union Station multi-modal transportation center, which are some of the many reasons why MSNBC counts Springfield among the top ten U.S. cities where business opportunities are rising.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
GRAN-000003-G000000-000011
Land Assessment
$196,500
Improvements Assessment
$670,100
Total Assessment
$866,600
  • Listing ID: 18270957

  • Date on Market: 1/23/2020

  • Last Updated:

  • Address: 176 W State St, Granby, MA 01033

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