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424 State Rd Whately, MA 01373

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For Sale
$1,400,000

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

Property size:
8,300 SF
Lot size:
1.32 Acres

Property Features for 424 State Rd

General Information

Size
8,300 SF
Lot size
1.32 Acres

Source: Region Commercial Agent Mitch Bolotin

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


Overview

Retail Property on Busy Corner

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: ... Internist ChargePoint Charging Station Electric Vehicle Charging Station Deerfield Pediatrics Pediatric Neurologist Randhawa Sanjeevan MD Doctor

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

Location Insight

  • Map
  • Local Demand
City
Whately
County
Franklin
State
Massachusetts
Longitude
-72.6140465
Latitude
42.470101

FAQs

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.
More about this property
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