60 E Main St | Milford, MA 01757
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60 E Main St
Milford, MA 01757
Jiffy Lube · Retail Property For Sale
Investment Highlights
- Listed for $2,036,430 yielding a cap rate of 7.00%.
- Absolute NNN Lease with zero landlord responsibilities.
- 10% Rent increases every 5 Years provide effective hedge against inflation.
- Recent 10-year Extension from the tenant demonstrates commitment to the location.
- Team Car Care has 500+ Locations nationally and they are a leader in the quick lube space.
- High Traffic Volume with over ±23,157 vehicles per day on E Main St.
Executive Summary
Broker of Record
Kyle Matthews
License No. 1000083-RE-RB (MA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Kyle Matthews
License No. 1000083-RE-RB (MA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,800 SF
Building Class
B
Year Built
1990
Price
$2,036,430
Price Per SF
$1,131
Cap Rate
7%
NOI
$142,550
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Land Acres
0.38 AC
Zoning
CB
Frontage
92 FT on E Main St.
PROPERTY TAXES
Parcel Number | MILF-000042-000000-000193 | Improvements Assessment | $284,900 |
Land Assessment | $171,800 | Total Assessment | $456,700 |
PROPERTY TAXES
Parcel Number
MILF-000042-000000-000193
Land Assessment
$171,800
Improvements Assessment
$284,900
Total Assessment
$456,700
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