474 Station Ave | South Yarmouth, MA 02664
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474 Station Ave
South Yarmouth, MA 02664
Yarmouth Shopping Plaza · Retail Property For Sale
Executive Summary
Atlantic Capital Partners has been exclusively engaged to market for sale Yarmouth Shopping Center, an institutional-quality grocery anchored shopping center located in Yarmouth, MA. Located on Cape Cod, with over 5M annual visitors and an annual influx of summer residents nearly doubling the population, the asset benefits from its strategic location at a signalized intersection, adjacent to Route 6, with over 56,000 vehicles per day. Yarmouth Shopping Center is currently 100% leased to eight retail and one residential tenant featuring a weighted average remaining lease term of 6.9 years. The asset has been anchored by Stop & Shop since 1987, when originally developed and home to Yarmouth Wine & Spirits, who has been operating on site since 1991, drawing significant traffic to the center. Furthermore, the offering includes ownership of two condo units totaling 3,316 square feet within the Condominium Outparcel. These two additional tenants are part of a five-unit condo structure in which current ownership does not own all of the units. Yarmouth Shopping Center is being offered for sale, free and clear of existing debt, through a formal call for offers process.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
62,486 SF
Building Class
C
Year Built/Renovated
1987/1998
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
9.56 AC
Zoning
C - Shopping Center
Parking
336 Spaces (5 Spaces per 1,000 SF Leased)
PROPERTY TAXES
Parcel Number | YARM-000097-000022 | Improvements Assessment | $5,557,000 |
Land Assessment | $1,236,300 | Total Assessment | $6,793,300 |
PROPERTY TAXES
Parcel Number
YARM-000097-000022
Land Assessment
$1,236,300
Improvements Assessment
$5,557,000
Total Assessment
$6,793,300
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