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Feeney Brothers Utility Services

2 Properties Offered at $4,153,016 in Worcester, MA

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Investment Highlights

Attractive Rental Increases
Strategic Retail Location

Minimal Management Responsibilities
Strong Demographics

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the net leased Feeney Brothers Utility Services located at 451 Lincoln Street and 2-3 Andrews Avenue in Worcester, Massachusetts (the “Property”). The Property consists of three separate parcels with a total of 11,382 square feet of building area and 2.45 acres of land. Each parcel is on an original 10-year lease, followed by 5-year options periods and featuring attractive annual rental increases throughout the base term and options. 451 Lincoln Street is situated on a highly visible corner parcel at the signalized intersection of Lincoln Street and Marsh Avenue, with 2-3 Andrews Avenue offering additional space set back from Lincoln Street. The Property down the street from the area’s two largest shopping centers anchored by Target, Lowe’s, Stop & Shop, TJ Maxx, Kohl’s, and ALDI. The Property is extremely well located in the heavily trafficked east side of Worcester, just seconds from the junction of Interstates 290 & 190.

Property Facts

Price	$4,153,016	Number of Properties	2
Price / SF	$364.88 / SF	Individually For Sale	0
Cap Rate	7%	Total Building Size	11,382 SF
Sale Type	Investment	Total Land Area	2.80 AC
Status	Active

Price	$4,153,016
Price / SF	$364.88 / SF
Cap Rate	7%
Sale Type	Investment
Status	Active
Number of Properties	2
Individually For Sale	0
Total Building Size	11,382 SF
Total Land Area	2.80 AC