381 Cooley St | Springfield, MA 01128
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- LoopNet Team
381 Cooley St
Springfield, MA 01128
Walgreens · Retail Property For Sale
Investment Highlights
- RARE RENTAL INCREASES – This lease features 10% rental increases every 10 years
- ABSOLUTE NNN – This lease offers zero landlord responsibilities ideal for an investor looking for an extremely passive and secure investment
- PANDEMIC PROOF / ESSENTIAL RETAILER – Walgreens continues to prove its resilience through the Covid-19 Pandemic
- SPRINGFIELD, MA – Springfield is the third most populous city in the state of Massachusetts with a population exceeding 154,000 persons
- STRONG INVESTMENT GRADE CREDIT TENANT – Rent is guaranteed by Walgreens Corporate, boasting an S&P credit rating of BBB+
- STRONG RETAIL CORRIDOR – This property is adjacent to the Five Town Plaza with nearby shops that include: 7-Eleven, Dunkin Donuts
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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