Route 128 Net Lease Investment Opportunity 1 Sylvan St 15,204 SF 100% Leased Retail Building Peabody, MA 01960 For Sale
INVESTMENT HIGHLIGHTS
- 4-Way Traffic Signalized Intersection
- Surrounded by National Brand Retailers
- Tremendous Daily Traffic Flow
EXECUTIVE SUMMARY
Newly signed 10-year net lease with Veterinary Emergency Group (VEG) and a 7-year lease with Training by Bria. VEG rent commencement begins June 1, 2025 with the tenant investing approximately $2.5M into the premises. The Veterinary Emergency Group (VEG) is a specialized network of animal hospitals dedicated exclusively to emergency veterinary care across 90 locations nationwide. VEG operates 24/7, including holidays, and provides immediate, high-quality treatment for pets facing urgent medical situations. Training with Bria is a dog training service founded by Bria Tiro, a relationship-based trainer who emphasizes understanding dog psychology and behavior as the foundation for practical training.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
15,204 SF
Building Class
C
Year Built
2001
NOI
$388,789
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.53
Lot Size
0.66 AC
Zoning
BR - Business
Parking
45 Spaces (3.35 Spaces per 1,000 SF Leased)
Frontage
115’ on Andover St
AMENITIES
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
