1865 Revere Beach Parkway

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1865 Revere Beach Parkway

Everett, MA 02149
Asking Price
$3.46M
Cap Rate
7%
Asset Type
Auto Shop Retail
Class
Class B

What's Special

Mell's Tire & Auto Service | Everette, MA <p>NEW 10-YEAR LEASE PROVIDING LONG-TERM CASH FLOW STABILITY </p><p></p><p>3% ANNUAL RENT INCREASES THROUGHOUT BASE TERM AND RENEWAL OPTIONS </p><p></p><p>HIGH-VISIBILITY INFILL LOCATION ALONG REVERE BEACH PARKWAY (65,000+ VPD) & STRATEGIC ACCESS TO DOWNTOWN BOSTON, ROUTE 16, ROUTE 99, AND REGIONAL EMPLOYMENT CENTERS </p><p></p><p>LOCATED WITHIN IMMEDIATE PROXIMITY TO ENCORE BOSTON HARBOR ($2.6B DEVELOPMENT), DRIVING 8-10 MILLION ANNUAL VISITORS AND OVER $1B IN GAMING REVENUE </p><p></p><p>POSIT

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NOI
$80,000
Cap Rate
2.31%
DSCR
0.39
Underwater
Cash-on-Cash
-12.08%
Monthly Payment
$17,123.14
Annual Cash Flow
$-125,477.675

Location & Travel Times