Concord Road 262 Concord Rd
13,743 SF Retail Building Billerica, MA 01821 $7,000,000 ($509/SF)
EXECUTIVE SUMMARY
Exceptional opportunity. 4.4 acres of land with current long-term tenant (approx. 23 years) with rental escalation in option. Absolute Triple Net (NNN) Lease at no expense to Seller. High visibility/traffic location on Route MA-3 & major thoroughfare. Excellent steady income. Possible subdividable lot for future development opportunities. Motivated Seller. Contact Listing Agent for further information.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Day Care Center
Building Size
13,743 SF
Building Class
B
Year Built
2000
Price
$7,000,000
Price Per SF
$509
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
4.40 AC
Zoning
5 - Commercial
Parking
52 Spaces (3.78 Spaces per 1,000 SF Leased)
Frontage
157’ on Concord
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | BILL-000077-000165 | Improvements Assessment | $2,987,000 |
| Land Assessment | $1,150,500 | Total Assessment | $4,137,500 |
