NNN Retail Auto
For Sale
$2,080,000
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 Market95
Property Features for 474 Mt Pleasant St
General Information
Standard status
Active
Size
7,000 SF
Property subtype
Auto Parts
Lease Type
Absolute Net
Amenities
A strong performer - Ranked #32 of 80 locations
NNN Lease
Established retail location serving the South Coast since 2007
Building Details
Building Size
7,000 SF
Listing Agency:
Boston Office
Listed By:
Jim Koury · License #License(s): MA: 9010104, RI: REB.0014481, NH: 005566, CT: REB.0755412, NY: 10301206120, ME: BR904355
(617) 896-7231
Source:
Marcusmillichap
Added: Jul 29
Changed: Oct 25
Last Checked: Oct 30 at 10:36AM
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 Boston Office
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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
Estimated NOI and Cap Rate
NOI / Yr
$94,668
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,893,360
$1.9M
Cap Rate 7%
$1,352,400
$1.4M
Cap Rate 9%
$1,051,867
$1.1M
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$147.0K $21.00/SF
− Vacancy
−$11.8K −$1.68/SF
EGI
$135.2K $19.32/SF
− OpEx
−$40.6K −$5.80/SF
NOI
$94.7K $13.52/SF
Area
New Bedford, MA
Vacancy
8.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,893,360
Cap Rate 7%
$1,352,400
Cap Rate 9%
$1,051,867
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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
