54 Main St Brookfield, MA 01506-1514

Property Details for 54 Main St

Year built

2013

Lot size

1.87 lot acres

Property size

9,933 SF

Zone code

RR

Property type

Commercial land

APN

BROO M:007B B:0000 L:00230

APU

BROOM007BB0000L00230

Description

This exceptional investment opportunity presents a fee-simple interest in a single-tenant Dollar General convenience store located at 54 W Main St, Brookfield, MA 01506. The property boasts a 9,002 square foot building on a 1.83-acre lot, constructed in 2014. Currently operating under an absolute NNN lease with a credit-rated tenant (S&P: BBB), the lease features a remaining term of 4.5 years, with three five-year options including a 10% rent increase at the beginning of each option period. The property generates a substantial net operating income (NOI) of $124,340, resulting in a compelling 7.75% cap rate. The asking price is $1,604,000 ($178.18/sq ft). This Dollar General enjoys excellent visibility on a main thoroughfare and benefits from limited competition, being the only store in its zip code. Placer.ai data indicates it's a top performer within its chain, showing consistent year-over-year foot traffic growth. The surrounding area exhibits a growing population and high average household income exceeding $100,000 within a five-mile radius. Dollar General's investment-grade credit rating, coupled with its expansion plans and the recent struggles of competitors, further enhances the investment's appeal. This is a rare opportunity to acquire a passively managed, high-performing asset in a desirable location. The property's strong performance metrics, coupled with the favorable lease terms and tenant creditworthiness, make this an attractive investment for discerning buyers. The location is conveniently situated 65 miles east of Boston, 50 miles southwest of Hartford, CT, and 60 miles southeast of Providence, RI.