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    1 Newbury St Peabody, MA 01960

    For Sale
    $4,100,000

    Newly constructed Starbucks with Tesla chargers on Route 1.

    Property size:
    2,400 SF
    Lot size:
    5.77 Acres

    Property Features for 1 Newbury St

    General Information

    Size
    2,400 SF
    Lot size
    5.77 Acres

    Source: Atlantic Retail - Corporate Agent Eric Suffoletto

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    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.
    Insight Report Location Intelligence

    Current Use by Public Records

    Avis Car Rental Car Rental Agency Budget Car Rental Car Rental Agency Commonwealth Telephone Co ... Real Estate Agency Health Care Recruiters Employment Agency Systems Group Sentenia Software Company

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Edible Arrangements

    Location Insight

    • Map
    • Local Demand
    City
    Peabody
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9977919
    Latitude
    42.5190116

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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.
    (617) 239-3600
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    1 Newbury St Peabody, MA 01960
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1 Newbury St Peabody, MA 01960
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