381 Cooley St | Springfield, MA 01128
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381 Cooley St
Springfield, MA 01128
Retail Property For Sale
Investment Highlights
- This Location and Lease Has Been Assigned to Walgreen's in February of 2018
- Rare Ten Percent Rent Increase in Year 11 of Initial Term
- Absolute Net Lease – Zero Landlord Responsibilities
- 20 Year Corporate Guarantee Lease Signed in 2008
- Subject Property 10,824 Sqft Situated on 3.49 Acres
- Multiple National Retailers: Stop & Shop Market , Big Lots, Burger King, 7-Eleven, Med-Express Urgent Care, Texas Roadhouse, Chili's, Etc.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,824 SF
Building Class
B
Year Built
2000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
3.49 AC
Zoning
R6B1 - Mixed-Use; Commercial
Parking
25 Spaces (2.3 Spaces per 1,000 SF Leased)
Frontage
181 FT on Cooley
PROPERTY TAXES
| Parcel Number | SPRI-003170-000000-000199 | Improvements Assessment | $1,738,400 |
| Land Assessment | $729,500 | Total Assessment | $2,467,900 |
PROPERTY TAXES
Parcel Number
SPRI-003170-000000-000199
Land Assessment
$729,500
Improvements Assessment
$1,738,400
Total Assessment
$2,467,900
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