1 Newbury St Peabody, MA
Call to check price and availability
Newly constructed Starbucks with Tesla chargers on Route 1.
Type:RETAIL
Property size:
2,400 SFLot size:
5.77 Acres- Added:
- Feb 7, 2025
- Days on Market:
- 437
- Last Refresh:
- Apr 5 at 9:58 pm
Property Features for 1 Newbury St
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Lot size
- 5.77 Acres
- Property subtype
- RETAIL
Listing agent Eric Suffoletto License #MA 9571654-RE-S
Listing office Atlantic Retail - Corporate (617) 239-3600
Listing date Feb 7, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Atlantic Retail - Corporate
Overview
New Starbucks with Tesla Chargers
This property features a newly constructed 2,400 square foot Starbucks prototype located on Route 1 in Peabody, Massachusetts. The building is subject to a new 10-year lease with Starbucks, with a projected opening date in Q4 2024. The Starbucks lease provides a year 1 net operating income of $200,000, with 10% rent escalations every 5 years throughout the term and at each option. The property also includes 10 Tesla supercharger spaces, leased on a new 10-year lease with 3% annual increases backed by a Tesla corporate guarantee, generating $30,000 in annual income. The current annual rent for the offering is $230,000, inclusive of the Tesla income. The property is located at the crossroads of Route 1, with a traffic volume of 100,000 vehicles per day, and I-95, with a traffic volume of 124,500 vehicles per day.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Avis Car Rental
Car Rental Facility
Budget Car Rental
Car Rental Facility
Commonwealth Telephone Co ...
Real Estate Agency
Health Care Recruiters
Employment Agency
Systems Group Sentenia
(Bike/Boat/Book/etc) Store
Similar Places Nearby
- Edible Arrangements — 919 Lynnfield St, Lynn, MA 01904
Location Insight
- Map
- Local Demand
- City
- Peabody
- County
- Essex
- State
- Massachusetts
- Longitude
- -70.9978
- Latitude
- 42.519
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FAQs
What type of property is this?
Coffee shop - Newly constructed Starbucks with Tesla chargers on Route 1.
Where is this coffee shop located?
The property is located at 1 Newbury St Peabody, MA.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: New construction Starbucks with a 10‑year lease and scheduled rent increases.; High‑traffic location at the intersection of Route 1 and I‑95.; Passive income from Starbucks and Tesla supercharger leases.
