Auto Shop with Absolute NNN
501 Memorial Ave, West Springfield, MA 01089
For Sale
Contact for pricing
Bridgestone Retail Operations occupies the property under a corporate guaranty.
Property SizeContact for details
Days on Market34
Property Features for 501 Memorial Ave
General Information
Standard status
Property subtype
Tenancy & Operations
Currently Operating
Tenant in Place
In-Place Lease Type
Current Tenants
Real Estate Included
Additional Details
Road Access
Building Details
Tenancy
Listing Agency:
Atlantic Capital Partners
Listed By:
Eric Suffoletto · License MA #9577141
(508) 272-0585
Source:
Crexi
Added: Oct 7
Changed: Nov 8
Last Checked: Nov 8 at 4:24PM
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 Capital Partners
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Investment Insights
Based on property information with market context.
This auto shop is leased to Bridgestone Retail Operations, LLC, the U.S. retail subsidiary of Bridgestone Corporation. The absolute NNN lease includes a corporate guaranty, with no landlord responsibilities. Firestone has operated at the site since 1962, and the store ranks in the top 4% of Firestone locations nationwide for foot traffic, according to Placer.ai.
The property sits at the signalized meeting of Memorial Avenue and Union Street in West Springfield, within a retail corridor that includes Big Y, TJ Maxx, Planet Fitness, Chipotle, McDonald's, Harbor Freight, Dollar Tree, and Big Lots. More than 221,000 residents live within five miles.
The property sits at the signalized meeting of Memorial Avenue and Union Street in West Springfield, within a retail corridor that includes Big Y, TJ Maxx, Planet Fitness, Chipotle, McDonald's, Harbor Freight, Dollar Tree, and Big Lots. More than 221,000 residents live within five miles.
Key Highlights
- Absolute NNN lease with a corporate guaranty and no landlord responsibilities
- Firestone has operated at this location since 1962
- Ranks in the top 4% of Firestone locations nationwide by foot traffic, according to Placer.ai
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
652
Businesses Nearby
284k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 28%
Groceries 25%
Shops & Services 19%
Dining 18%
Big Y World Class Market
Groceries
44,306 visits/mo
0.1 miles
T.J. Maxx
Apparel
41,514 visits/mo
0.2 miles
Price Rite
Groceries
26,461 visits/mo
0.1 miles
McDonald's
Dining
22,235 visits/mo
0.1 miles
Savers Thrift Store
Apparel
21,151 visits/mo
0.3 miles
Demographics for 01089, MA
28,835
Population
13,095
Households
2.2
Avg Household Size
41
Median Age
35%
College-Educated
91%
High-School Grad
16.7 sq mi
ZIP Area
1,727
Density / Sq Mi
$70,401
Median Household Income
$43,186
Median Earnings
$1,121
Median Rent
$307,900
Median Home Value
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Market
Properties on Market for Auto shops in Hampden County
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- A Plus Truck Repair — 195 Circuit Ave, West Springfield, MA 01089
- Western Mass Vehicle Upfitters — 52 Baldwin St, West Springfield, MA 01089
- Western Mass Collision — 62 Baldwin St, West Springfield, MA 01089
- LINE-X Of West Springfield Formally Automotive Innovators LLC — 52 baldwin st, west springfield, ma 01089
- Auto Glass Specialists — 115 Memorial Ave, West Springfield, MA 01089
Frequently Asked Questions
What type of property is this?
Auto shop - Bridgestone Retail Operations occupies the property under a corporate guaranty.
Where is this auto shop located?
The property is located at 501 Memorial Ave West Springfield, MA.
What is the asking price?
The asking price for this property is $2,756,000.
What are key features of this property?
This property features: Absolute NNN lease with a corporate guaranty and no landlord responsibilities; Firestone has operated at this location since 1962; Ranks in the top 4% of Firestone locations nationwide by foot traffic, according to Placer.ai
