Retail Property on Busy Corner

424 State Rd, Whately, MA

View on Map

For Sale

Contact for pricing

8,300 SF retail property fully leased to cannabis retailer.

Type:OFFICE

Property size:

8,300 SF

Lot size:

1.32 Acres

Price / SF:

$168/SF

HighLights

Fully leased to Cheech & Chong's Dispensaries, offering immediate income on a net lease basis.
High entry cap rate of approximately 9.3% based on 2023 figures.
Located at a busy intersection off Exit 35 on I‑91, offering high visibility.
Approximately 8,300 square foot retail property.
Recent renovations include new mechanical, electrical, and plumbing systems.
Ample parking with access from both 116 and Route 10.

We can help!

Listing Contact

Mitch Bolotin

Learn more

For Sale

Contact for pricing

8,300 SF retail property fully leased to cannabis retailer.

Type:OFFICE

Property size:

8,300 SF

Lot size:

1.32 Acres

Price / SF:

$168/SF

Added:: Oct 31, 2024
Days on Market:: 592
Last Refresh:: May 20 at 8:59 pm

Property Features for 424 State Rd

General Information

Standard status: Active
Size: 8,300 SF
Lot size: 1.32 Acres
Property subtype: OFFICE

We can help!

Listing Contact

Mitch Bolotin

Listing agent Mitch Bolotin License #MA 9582125

Listing office Region Commercial

Listing date Oct 31, 2024

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 Region Commercial

HighLights

Fully leased to Cheech & Chong's Dispensaries, offering immediate income on a net lease basis.
High entry cap rate of approximately 9.3% based on 2023 figures.
Located at a busy intersection off Exit 35 on I‑91, offering high visibility.
Approximately 8,300 square foot retail property.
Recent renovations include new mechanical, electrical, and plumbing systems.
Ample parking with access from both 116 and Route 10.

Overview

This approximately 8,300 square foot retail property is located on the busy 5 & 10 in Whately, MA. The building, a condo at 420 State Road, sits at the corner of a busy intersection, just off of Exit 35 on I-91. Recent improvement projects include a fully renovated store area with new mechanicals, electrical, and plumbing. The property is fully leased to cannabis retailer, Cheech & Chong's Dispensaries on a net leased basis. The entry cap rate for the property according to 2023 numbers was approximately 9.3%. The property comes with ample parking and access off both 116 and Route 10.

Location Intelligence

Current Use by Public Records

Dr. Adele M. ... Pediatrician Deerfield Adult Medicine: ... Physician ChargePoint Charging Station Electric Vehicle Charging Station Deerfield Pediatrics Pediatrician Randhawa Sanjeevan MD Physician

Suggested Use

Location Insight

Map
Local Demand

City: Whately
County: Franklin
State: Massachusetts
Longitude: -72.614
Latitude: 42.4701

For sale
Retail space
MA
Whately
424 State Rd

What type of property is this?

Retail space - 8,300 SF retail property fully leased to cannabis retailer.

Where is this retail space located?

The property is located at 424 State Rd Whately, MA.

What is the asking price?

The asking price for this property is $1,400,000.

What are key features of this property?

This property features: Fully leased to Cheech & Chong's Dispensaries, offering immediate income on a net lease basis.; High entry cap rate of approximately 9.3% based on 2023 figures.; Located at a busy intersection off Exit 35 on I‑91, offering high visibility.

424 State Rd, Whately, MA

8,300 SF retail property fully leased to cannabis retailer.

Property Features for 424 State Rd

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

FAQs

Create New Password