45 Pulaski Blvd Bellingham, MA 02019-2729

Property Details for 45 Pulaski Blvd

Year built

2008

Construction

STEEL FRAME

Lot size

0.72 lot acres

Property size

6,831 SF

Property type

Auto shops

APN

BELL M:0098 B:0140 L:0000

APU

BELLM0098B0140L0000

Description

This exceptional investment opportunity presents a fee-simple ownership of a 7,000-square-foot retail storefront in Bellingham, Massachusetts. The property is currently 100% occupied by Advance Auto Parts, a publicly traded national retailer (NYSE: AAP) with over 6,290 stores and a $3.5 billion market cap. The long-term net lease boasts a remaining term of approximately 6.4 years, with three additional five-year renewal options, providing a stable and predictable income stream. The lease commenced on March 28, 2008, and is set to expire on March 31, 2031. The property features a corporate guarantee from Advance Auto Parts, mitigating tenant risk. The asking price is $2,206,896, representing a compelling cap rate of 7.25% based on a net operating income (NOI) of $160,000. Built in 2008, this single-story building sits on a 0.72-acre lot at 45 Pulaski Blvd, Bellingham, MA 02019. Its prime location offers convenient access to a major thoroughfare leading to downtown Woonsocket, Rhode Island, and benefits from high visibility across from a Stop & Shop supermarket and other national retailers. The property's strong demographics support Advance Auto Parts' customer base, including both professional installers and DIY consumers. The location is strategically situated on the Massachusetts/Rhode Island border, serving a population exceeding 100,000 within a five-mile radius and close proximity to the growing Providence, RI metropolitan statistical area. This is a rare opportunity to acquire a high-quality, net-leased retail property with a strong tenant, long-term lease, and attractive financial metrics.

Location Insight

City

Bellingham

County

Norfolk

State

Massachusetts

Longitude

-71.4965

Latitude

42.0181

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments