51 Commercial St Braintree, MA 02184-4391
- Banks
- 10,518 SF
- 0.71 lot acres
Current Use by Public Records
- T-Mobile Authorized Retailer / Cell Phone Accessory Store / Internet Service Provider
- 7-Eleven / Convenience Store
- Eastern Bank / Bank / Atm
- Citibank ATM / Atm
Property Details for 51 Commercial St
- Year built
- 1936
- Construction
- FRAME
- Lot size
- 0.71 lot acres
- Property size
- 10,518 SF
- Zone code
- BUS
- Property type
- Banks
- APN
- BRAI M:3006 B:0 L:6
- APU
- BRAIM3006B0L6
Description
This exceptional investment opportunity presents a fee-simple, 8,870 square foot, single-story retail center in Braintree, Massachusetts. Located on a 0.71-acre lot at the highly visible, signalized intersection of Commercial Street, Shaw Street, and Quincy Avenue, this property boasts three strong tenants: 7-Eleven, Eastern Bank, and T-Mobile, all under triple-net (NNN) leases. The property enjoys 100% occupancy, generating a substantial net operating income (NOI) of $296,394, representing a 6.03% capitalization rate on the $4,912,000 asking price. 7-Eleven, a long-term tenant since 2004, recently completed interior renovations, showcasing their commitment to the location. Their lease includes a percentage rent clause, offering additional income potential. Eastern Bank, a major regional player, and T-Mobile also occupy the space, providing a diverse tenant mix. All leases feature attractive rent bumps, with 7-Eleven and Eastern Bank experiencing increases at the start of each option period (1, 5-year option for 7-Eleven
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $675,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $996,000
Market price range: $964k - $2.45M
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Location Insight
- Map
- Local Demand
- City
- Braintree
- County
- Norfolk
- State
- Massachusetts
- Longitude
- -70.9697
- Latitude
- 42.2211
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
