NNN Retail Auto
For Sale
Contact for pricing
474 Mt Pleasant St, New Bedford, MA 02746
Single-tenant NNN retail asset leased to Advance Auto Stores Company, built in 2007.
Property Size7,000 SF
Price / SF$297.14
Days on Market8
Property Features for 474 Mt Pleasant St
General Information
Standard status
Active
Size
7,000 SF
Property subtype
Retail
Building Details
Year Built
2007
Listing Agency:
Marcus & Millichap - Boston
Listed By:
Andrew Mueller · License #9586839
Source:
Crexi
Added: Jul 24
Changed: Jul 30
Last Checked: Jul 30 at 8:41AM
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 Marcus & Millichap - Boston
Investment Insights
Based on property information with market context.
Marcus & Millichap is pleased to exclusively present for sale a NNN lease with Advance Auto Stores Company.
The property is located at 474 Mt Pleasant St in New Bedford, Massachusetts. It is a single-tenant retail auto store set up for a long-term, NNN-style investment structure.
The building was constructed in 2007. The asset size is 7,000 SF, providing a dedicated footprint for the tenant’s retail operations under the existing lease arrangement.
The property is located at 474 Mt Pleasant St in New Bedford, Massachusetts. It is a single-tenant retail auto store set up for a long-term, NNN-style investment structure.
The building was constructed in 2007. The asset size is 7,000 SF, providing a dedicated footprint for the tenant’s retail operations under the existing lease arrangement.
Key Highlights
- NNN lease with Advance Auto Stores Company
- Single‑tenant retail auto store
- 7,000 SF building
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $147.0k | $21.00 |
| − Vacancy | −$11.8k | −$1.68 |
| EGI | $135.2k | $19.32 |
| − OpEx | −$40.6k | −$5.80 |
| NOI | $94.7k | $13.52 |
7,000 SF · lease $21.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.35M
$1.18M – $1.58M
NOI $94,668 @ 7.0% cap · market cap 4.55%
Second Best
Industrial
$984.3K
$861.3K – $1.15M
NOI $68,902 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$2.06M
$1.81M – $2.41M
NOI $144,480 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
524
Businesses Nearby
132k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 24%
Groceries 18%
Home Improvements & Furnishings 2%
Cumberland Farms
Shops & Services
24,602 visits/mo
0.5 miles
Price Rite
Groceries
24,190 visits/mo
0.3 miles
McDonald's
Dining
21,193 visits/mo
0.4 miles
Dollar Tree
Shops & Services
20,355 visits/mo
0.1 miles
Dunkin' Donuts
Dining
9,057 visits/mo
0.1 miles
Demographics for 02746, MA
17,355
Population
7,640
Households
2.3
Avg Household Size
33
Median Age
10%
College-Educated
67%
High-School Grad
2.8 sq mi
ZIP Area
6,198
Density / Sq Mi
$41,023
Median Household Income
$33,472
Median Earnings
$1,100
Median Rent
$324,400
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 - Single-tenant NNN retail asset leased to Advance Auto Stores Company, built in 2007.
Where is this nnn property located?
The property is located at 474 Mt Pleasant St New Bedford, MA.
What is the asking price?
The asking price for this property is $2,080,000.
What are key features of this property?
This property features: NNN lease with Advance Auto Stores Company; Single‑tenant retail auto store; 7,000 SF building
