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298 Memorial Ave
West Springfield, MA 01089

Taco Bell/Pizza Hut · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Fast Food
Building Size
2,108 SF
Building Class
B
Year Built
1997
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.46 AC
Parking
22 Spaces (5.51 Spaces per 1,000 SF Leased)

About 298 Memorial Ave , West Springfield, MA 01089

The subject investment opportunity is a Taco Bell/Pizza Hut triple-net sale-leaseback. The property is located at 298 Memorial Avenue in West Springfield, Massachusetts and consists of 2,108 square feet of building space and sits on approximately 0.46 acres of land. This Taco Bell/Pizza Hut will be subject to a brand new, 20-year NNN lease commencing at the close of escrow. The proposed base rent shall be $90,000 and will be subject to two percent annual rental increases starting year six. The increases will continue through the six, five-year tenant renewal options. This Taco Bell / Pizza Hut property is located at 298 Memorial Avenue in West Springfield, Massachusetts. West Springfield is a city in Hampden County and is part of the Springfield, Massachusetts Metropolitan Statistical Area. The city is also known as "West Side", in reference to the fact that it is on the western side of the Connecticut River from Springfield, a fact which played a major part in the town's early history. West Springfield is a densely populated. There are approximately 124,421 people within a three-mile radius of this property and 277,436 people within a five-mile radius. The property is situated on Memorial Avenue, which has an average daily traffic count of 17,033 vehicles. The property benefits from its proximity and ease of access to U.S. Interstate-91, which brings in an additional 95,415 vehicles to the immediate area.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
WSPR-000371-014600-000015
Land Assessment
$200,200
Improvements Assessment
$598,900
Total Assessment
$799,100
  • Listing ID: 6334795

  • Date on Market: 3/17/2017

  • Last Updated:

  • Address: 298 Memorial Ave, West Springfield, MA 01089

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