Single-Tenant Net-Lease
For Sale
Contact for pricing
1655 Boston Road, Springfield, MA 01129
Newly constructed restaurant property with a long-term net lease and contractual rent increases.
Property Size2,325 SF
Price / SF$1,144
Days on Market11
Property Features for 1655 Boston Road
General Information
Standard status
Active
Size
2,325 SF
Class
A
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$145,000
Building Details
Year Built
2025
Tenancy
Single
Listing Agency:
Atlantic Retail Boston
Listed By:
Matt Ericson · License #9571461
Source:
Crexi
Added: Jul 29
Changed: Aug 4
Last Checked: Aug 7 at 9:58AM
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 Atlantic Retail Boston
Investment Insights
Based on property information with market context.
This 2,325-square-foot, single-tenant restaurant property was built in 2025 and is occupied by Chipotle under a long-term NN lease. The lease places landlord responsibility for the roof, structure, and common areas, while contractual rent escalations occur every five years. Four additional five-year renewal options extend the potential lease term through 2055.
The property occupies 0.692 acres at 1655 Boston Road in Springfield, Massachusetts, along a commercial corridor reporting approximately 17,200 vehicles per day. The surrounding three-mile trade area includes approximately 64,512 residents and average household incomes of $86,851. The offering reflects a 5.45% CAP rate.
The property occupies 0.692 acres at 1655 Boston Road in Springfield, Massachusetts, along a commercial corridor reporting approximately 17,200 vehicles per day. The surrounding three-mile trade area includes approximately 64,512 residents and average household incomes of $86,851. The offering reflects a 5.45% CAP rate.
Key Highlights
- 2,325‑square‑foot single‑tenant restaurant property built in 2025
- Occupied by Chipotle under a long‑term NN lease
- Four five‑year renewal options extend the lease through 2055
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
458
Businesses Nearby
286k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Groceries 20%
Apparel 16%
Shops & Services 14%
Marshalls
Apparel
46,021 visits/mo
0.1 miles
Lowe's
Home Improvements & Furnishings
32,945 visits/mo
0.4 miles
Stop & Shop
Groceries
31,652 visits/mo
0.5 miles
Aldi
Groceries
24,147 visits/mo
0.2 miles
Dollar Tree
Shops & Services
22,838 visits/mo
0.1 miles
Demographics for 01129, MA
7,024
Population
2,699
Households
2.6
Avg Household Size
43
Median Age
31%
College-Educated
96%
High-School Grad
3.4 sq mi
ZIP Area
2,066
Density / Sq Mi
$92,500
Median Household Income
$49,316
Median Earnings
$1,325
Median Rent
$239,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Newly constructed restaurant property with a long-term net lease and contractual rent increases.
Where is this nnn property located?
The property is located at 1655 Boston Road Springfield, MA.
What is the asking price?
The asking price for this property is $2,661,000.
What are key features of this property?
This property features: 2,325‑square‑foot single‑tenant restaurant property built in 2025; Occupied by Chipotle under a long‑term NN lease; Four five‑year renewal options extend the lease through 2055
