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The Plaza at 20 Commercial 20 Commercial Rd
20,279 SF 91% Leased Retail Building Leominster, MA 01453 $7,695,000 ($379/SF) 7.30% Cap Rate
INVESTMENT HIGHLIGHTS
- 90% OCCUPIED SERVICE-ORIENTED PLAZA PROVIDES STABLE, INTERNET-PROOF TENANCY
- OTHER TENANT LEASES FEATURE ANNUAL 2%-3% RENT INCREASES
- PART OF THE LARGEST RETAIL DEVELOPMENT IN THE AREA, WHICH IS HOME TO MORE THAN 1 MILLION SF OF NATIONAL AND REGIONAL RETAIL TENANTS
- ANCHORED BY CORPORATE TENANT WITH 13+ YEARS OF REMAINING LEASE TERM AND 10% RENT INCREASES EVERY 5 YEARS
- ADJACENT TO MAJOR COMMUTER ROUTE THAT SEES MORE THAN 63,000 VPD
- ALL LEASES ARE NNN WITH LIMITED LANDLORD RESPONSIBILITIES
DATA ROOM Click Here to Access
PROPERTY FACTS Under Contract
AMENITIES
- Bus Line
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Tenant Controlled HVAC
- Drive Thru
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Retail setting, surrounded by numerous amenities – Starbucks, Chipotle, Panera, Denny's, etc. ±2,000 SF Available Located off Route 2 1/2 mile from I-190 Excellent visibility Route 2 ADT 62,132 Pylon signage available on both Commercial Road and Route 2 Redesigned facade Allowed Uses: Retail, restaurant (drive-thru w/specialpermit), professional office, health club, convenience store, health, medical office, etc. Perfect for massage therapists, psychologists/therapists, stylists or personal office space.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,760 SF | Office/Retail | - | Now |
1st Floor
| Size |
| 1,760 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 1,760 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
Retail setting, surrounded by numerous amenities – Starbucks, Chipotle, Panera, Denny's, etc. ±2,000 SF Available Located off Route 2 1/2 mile from I-190 Excellent visibility Route 2 ADT 62,132 Pylon signage available on both Commercial Road and Route 2 Redesigned facade Allowed Uses: Retail, restaurant (drive-thru w/specialpermit), professional office, health club, convenience store, health, medical office, etc. Perfect for massage therapists, psychologists/therapists, stylists or personal office space.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | LEOM-000391-000008 | Improvements Assessment | $1,714,100 |
| Land Assessment | $1,060,900 | Total Assessment | $2,775,000 |
PROPERTY TAXES
Presented by
The Plaza at 20 Commercial | 20 Commercial Rd
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