Automotive Service
For Sale
Contact for pricing
30 North Main Street, Attleboro, MA 02703
Multi-state automotive assets with absolute NNN leases and more than 30 years of operating history.
Property Size28,410 SF
Price / SF$642.38
Days on Market50
Property Features for 30 North Main Street
General Information
Standard status
Active
Size
28,410 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$913,000
Building Details
Buildings
7
Tenancy
Multi
Listing Agency:
Sands Investment Group
(844) 474-4666
Listed By:
Gary Berwick · License #NC 312724
Source:
Crexi
Added: Jul 14
Changed: Aug 31
Last Checked: Aug 29 at 11:18PM
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 Sands Investment Group
Investment Insights
Based on property information with market context.
This automotive service portfolio includes seven properties: five SpeeDee Oil Change & Auto Service locations, one Grease Monkey location, and one multi-tenant retail property. The assets are distributed across Massachusetts and Louisiana, with five in Massachusetts and two in Louisiana.
All properties are subject to absolute NNN leases. The portfolio also reflects more than 30 years of established operating history across its automotive service components. An identified property address is 30 North Main Street, Attleboro, MA 02703. The offering combines automotive service locations with a multi-tenant retail asset across two states.
All properties are subject to absolute NNN leases. The portfolio also reflects more than 30 years of established operating history across its automotive service components. An identified property address is 30 North Main Street, Attleboro, MA 02703. The offering combines automotive service locations with a multi-tenant retail asset across two states.
Key Highlights
- Five SpeeDee Oil Change & Auto Service locations
- One Grease Monkey location
- One multi‑tenant retail property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$583,485
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$11,669,700
$11.7M
Cap Rate 7%
$8,335,500
$8.3M
Cap Rate 9%
$6,483,167
$6.5M
Market Conditions
NOI Build-Up for 28,410 SF
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.
Gross rent
$852.3K $30.00/SF
− Vacancy
−$18.8K −$0.66/SF
EGI
$833.5K $29.34/SF
− OpEx
−$250.1K −$8.80/SF
NOI
$583.5K $20.54/SF
Area
Bristol County, MA
Vacancy
2.20%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$11,669,700
Cap Rate 7%
$8,335,500
Cap Rate 9%
$6,483,167
Alternative Uses
Best Use
Retail
$8.34M
$7.29M – $9.72M
NOI $583,485 @ 7.0% cap · market cap 3.20%
Second Best
Industrial
$3.97M
$3.48M – $4.63M
NOI $278,020 @ 7.0% cap · market cap 1.52%
Theoretical Best
Office A
$17.30M
$15.14M – $20.18M
NOI $1,211,084 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,443
Businesses Nearby
70k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 48%
Cumberland Farms
Shops & Services
14,741 visits/mo
0.2 miles
Dollar Tree
Shops & Services
14,277 visits/mo
0.3 miles
KFC
Dining
12,319 visits/mo
0.4 miles
Dunkin' Donuts
Dining
12,209 visits/mo
0.4 miles
SUBWAY
Dining
3,588 visits/mo
0.3 miles
Demographics for 02703, MA
46,389
Population
19,014
Households
2.4
Avg Household Size
42
Median Age
34%
College-Educated
90%
High-School Grad
26.8 sq mi
ZIP Area
1,731
Density / Sq Mi
$93,352
Median Household Income
$51,637
Median Earnings
$1,446
Median Rent
$409,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Mike's Towing & Recovery — 227 Pine St, Attleboro, MA 02703
- Roth Racing — 15 John Williams St, Attleboro, MA 02703
- Leins Auto Repair — 141 Pine St, Attleboro, MA 02703
- Blais' Service Station Inc — 141 Pine St, Attleboro, MA 02703
- National Van Builders — 80 Pine St, Attleboro, MA 02703
Frequently Asked Questions
What type of property is this?
Auto shop - Multi-state automotive assets with absolute NNN leases and more than 30 years of operating history.
Where is this auto shop located?
The property is located at 30 North Main Street Attleboro, MA.
What is the asking price?
The asking price for this property is $18,250,000.
What are key features of this property?
This property features: Five SpeeDee Oil Change & Auto Service locations; One Grease Monkey location; One multi‑tenant retail property
