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Southbridge Retail Investment Opportunity
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121 North St, Southbridge, MA 01550

Dollar Tree property with 7.5% CAP rate in Southbridge.

Property Size12,240 SF
Lot Size1.00 Acre
Price / SF$156.54
Days on Market152

Property Features for 121 North St

General Information

Standard status Active
Size 12,240 SF
Lot size 1.00 Acre
Property subtype Retail
Occupancy 100%
Lease Type NN
Investment Type Net Lease
Net Operating Income $143,748

Building Details

Year Built 2019
Stories 1
Tenancy Single
Listing Agency: First Street Brokerage
Listed By: Jeff Christian · License #CA 01461046
Source: Crexi
Added: Mar 13 Changed: Aug 8 Last Checked: Aug 11 at 2:16PM

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 First Street Brokerage

Investment Insights

Based on property information with market context.

This commercial property is a 12,240-square-foot retail building on a 1-acre lot. The property has approximately 32 parking spaces. The property is currently leased to Dollar Tree Stores, Inc., a Fortune 500 company. The net operating income is $143,748, with a 7.5% CAP rate. The property is located at 121 North Street, Southbridge, MA, across from a hotel and conference center. The location benefits from notable daily traffic. The surrounding area features high household incomes. The property is approximately 50 minutes from both Hartford, CT, and Boston, MA. This property presents a retail opportunity in a busy area.

Key Highlights

  • 7. 5% CAP rate with a net operating income of $143,748.
  • Tenant is Dollar Tree Stores, Inc., a Fortune 500 company with a strong financial standing.
  • New construction (2019) 12,240 SF building on a 1‑acre lot.**

Property Analytics

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Dental Office Storage Facility Daycare Center Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

743
Businesses Nearby
46k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 70% Dining 29% Home Improvements & Furnishings 1%
Cumberland Farms Shops & Services
17,205 visits/mo 0.3 miles
Dollar Tree Shops & Services
15,320 visits/mo 0.1 miles
Dunkin' Donuts Dining
9,918 visits/mo 0.4 miles
SUBWAY Dining
2,409 visits/mo 0.1 miles
Pizza Chef Dining
1,152 visits/mo 0.3 miles

Demographics for 01550, MA

17,740
Population
7,644
Households
2.3
Avg Household Size
39
Median Age
18%
College-Educated
82%
High-School Grad
20.2 sq mi
ZIP Area
878
Density / Sq Mi
$59,397
Median Household Income
$41,365
Median Earnings
$1,157
Median Rent
$267,000
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Grocery and convenience store - Dollar Tree property with 7.5% CAP rate in Southbridge.
Where is this grocery and convenience store located?
The property is located at 121 North St Southbridge, MA.
What is the asking price?
The asking price for this property is $1,916,000.
What are key features of this property?
This property features: 7. 5% CAP rate with a net operating income of $143,748.; Tenant is Dollar Tree Stores, Inc., a Fortune 500 company with a strong financial standing.; New construction (2019) 12,240 SF building on a 1‑acre lot.**
More about this property
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