Fairhaven Retail Property For
220 Huttleston Ave Fairhaven, MA
220 Huttleston Ave, Fairhaven, MA, 00000
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For Sale
Contact for pricing
Retail property with corporate guarantee and long-term lease.
Property Size15,120 SF
Lot Size1.70 Acres
Price / SF$299.67
Days on Market558
Property Features for 220 Huttleston Ave
General Information
- Standard status
- Active
- Size
- 15,120 SF
- Lot size
- 1.70 Acres
- Property subtype
- RETAIL
Listing agency
NNN Pro Group
(332) 345-4222
Listed by
Glen Kunofsky · License #49KU1129178
Source
Moodyscre
Added: Jan 9, 2025 Updated: Jul 6 at 10:17AM Checked: Jul 19 at 5:16AM
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 NNN Pro Group
Investment Insights
Based on property information with market context.
This retail property features approximately eight years remaining on the lease term, with minimal landlord responsibilities. The lease is backed by a corporate guarantee from a company with $139 billion in revenue. There are eight, five-year options available, potentially extending the lease for an additional 40 years. The property is 15,120 square feet.
Key Highlights
- Approximately 8 Years of Lease Term Remaining
- Corporate Guarantee from $139 Billion Revenue Company
- Minimal Landlord Responsibilities
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $453.6k | $30.00 |
| − Vacancy | −$10.0k | −$0.66 |
| EGI | $443.6k | $29.34 |
| − OpEx | −$133.1k | −$8.80 |
| NOI | $310.5k | $20.54 |
15,120 SF · lease $30.00/SF/yr · vacancy 2.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.44M
$3.88M – $5.18M
NOI $310,535 @ 7.0% cap · market cap 6.85%
Second Best
Specialty Retail
$2.85M
$2.50M – $3.33M
NOI $199,629 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$9.21M
$8.06M – $10.74M
NOI $644,547 @ 7.0% cap · market cap 14.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Walgreens Photo
(Bike/Boat/Book/etc) Store
Walgreens
Pharmacy
Redbox
Cinema
Walgreens Pharmacy
Pharmacy
FedEx OnSite
Postal Service
Similar For Sale Nearby
Similar Off Market Nearby
- Stop & Shop Pharmacy — 221 Huttleston Ave, Fairhaven, MA 02719
- COVID-19 Drive-Thru Testing at Walgreens — 220 Huttleston Ave, Fairhaven, MA 02719
- Benjamin Weinstein — 220 Huttleston Ave, Fairhaven, MA 027191958
- Brandon Garde — 220 Huttleston Ave, Fairhaven, MA 027191958
- Marina Wurl — 221 Huttleston Ave, Fairhaven, MA 027191956
FAQs
What type of property is this?
Drug store - Retail property with corporate guarantee and long-term lease.
Where is this drug store located?
The property is located at 220 Huttleston Ave Fairhaven, MA.
What is the asking price?
The asking price for this property is $4,531,034.
What are key features of this property?
This property features: Approximately 8 Years of Lease Term Remaining; Corporate Guarantee from $139 Billion Revenue Company; Minimal Landlord Responsibilities
