1A Newbury StPeabody, MA 01960

This exceptional investment opportunity presents a newly constructed, Class A retail property in Peabody, MA, featuring a Starbucks and 10 Tesla Supercharger stations. The property boasts a 2,400 square foot building on a 0.7-acre lot with 15 parking spaces. A new 10-year net lease with Starbucks commenced September 30, 2024, and includes four, five-year options with a 10% rent increase every five years. The lease is backed by a corporate guarantee. Additionally, a separate 10-year lease with Tesla for the Supercharger stations provides supplemental income, also with a corporate guarantee and 3% annual rent increases. The property enjoys a prime location at the intersection of Route 1 (100,000 vehicles per day) and I-95 (124,500 vehicles per day), ensuring high visibility and substantial foot traffic. The current annual net operating income (NOI) is $230,000, resulting in a 5.60% capitalization rate. This single-tenant, stabilized investment offers minimal landlord responsibilities (roof and structure), providing a secure and lucrative passive income stream from two investment-grade tenants. The property is situated in a thriving retail hub, close to major retailers and office parks, further enhancing its value and potential for future growth. The building was constructed in 2024 and is 100% occupied. This is a 1031 exchange eligible property.