1191 Millbury St Worcester, MA 01607-1414
This exceptional investment opportunity presents a 9,723-square-foot flex space building located at 1191 Millbury Street in Worcester, Massachusetts. The property, built in 1998, is a Class B, two-story structure situated on a 1.38-acre lot and zoned MG-1. Currently 100% occupied by a single tenant under a Net Net Net (NNN) lease expiring May 30, 2029, this property offers a secure, long-term investment. The lease includes rent bumps, ensuring consistent income growth. The building features 20 parking spaces and benefits from excellent highway access, less than half a mile from Route 146, with easy access to I-90, Route 20, and I-290. This prime location boasts a strong demographic profile, serving a 10-mile population of 400,000 with an average household income of $104,000. The tenant, Resinate Dispensary, has operated successfully at this location since 2019, benefiting from the proximity to major retailers like Walmart, Gamestop, GNC, and Greatclips. The asking price for this fee-simple ownership opportunity is $3,100,000. This is a core NNN investment with a five-year lease term providing stability and potential for appreciation.
-
24/7 Plumbers Plumbing Service General Contractor
-
Resinate Dispensary (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
MG-1 · Worcester, MAWorcester. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.