FleetPride | 10-Year NNN Lease — Sale in Agawam, MA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Agawam, MA 01001
  • Year built: 1961

Photos

FleetPride | 10-Year NNN Lease — Sale in Agawam, MA, photo 1 of 5
FleetPride | 10-Year NNN Lease — Sale in Agawam, MA, photo 2 of 5
FleetPride | 10-Year NNN Lease — Sale in Agawam, MA, photo 3 of 5
FleetPride | 10-Year NNN Lease — Sale in Agawam, MA, photo 4 of 5
FleetPride | 10-Year NNN Lease — Sale in Agawam, MA, photo 5 of 5

Investment Figures

Cap rate
6.35%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

--High Credit Tenant -Strong Corporate Guarantee: Backed by a Tenant with Over $6 Billion in Annual Revenue -Market Leadership: FleetPride Is the Largest U.S. Distributor of Heavy-Duty Truck and Trailer Parts and Services -Mission Critical Location: FleetPride Service Center with 12 Truck Bays to Perform Maintenance on Heavy Duty Trucks -Fair Market Value Renewals: Lease Renewal Options are at Fair Market Value, Providing a Great Hedge Against Inflation -E-Commerce & Recession-Resilient: FleetPride's Business Model Is Well-Suited to Thrive in Various Economic Condition --Strong Real Estate Fundamentals -Highly Desirable IOS Site: The Property Boasts a Large 2.91-Acre Lot, a Key Feature in Today’s Market -Long-Term Occupancy: FleetPride Has Consistently Renewed Its Lease and Operated Successfully at This Location Since 2005 -Excellent Condition: Both Tenant and Landlord Have Invested in Significant Capital Improvements, Maintaining the Property in Top Condition -Investor-Friendly: This NN Industrial Property Offers Minimal Landlord Responsibilities, Ideal for Investors Who Are Not Local to the Market -Located in a Dense Industrial Area with other National Brands such as Pepsi Bottling Group, FedEx Ground, Amazon, Old Dominion Freight, Thermo King, H&E Equipment Services, ABF Freight, Motion Industries, Epiroc, Culligan, and Many More within Close Proximity to the Subject Property --Pride of Ownership Springfield, MA -High Density Population: Over 223,000 Residents within 5 Miles -Strong Daytime Workforce: Over 237,000 Daytime Employees within 5 Miles -Affluent Population: Average Household Income Exceeds $84,000 within 5 Miles Investment Highlights: • FleetPride: A Highly Reputable, B- Rated Industrial Tenant With Over 300 Locations Across the U.S. • Mission-Critical Location: FleetPride Has Operated at This Site for Over 20 Years and Recently Committed to a 10-Year Lease Extension, Proving the Tenant's Commitment to the Site • Prime Location: Strategically Position

Market Context

This industrial in Agawam, MA is listed for sale. It is offered at an approximate 6.3% capitalization rate, a key benchmark for income-producing industrial assets. The building dates to 1961. Compare it against other industrial listings for sale in Agawam, MA — view the full market.

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