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Property profile & analytics
OFF-MARKET Estimated value $1,250,000
Retail space

1191 Millbury St Worcester, MA 01607-1414

9,723 SF 1.38 ac lot Built 1998
Entity Owned ~ Est. High Equity
Property ID
US38-0657502
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1998
Construction STEEL FRAME
Total area 9,723 SF
Lot 1.38 ac (60,112 SF)
Zoning code MG-1
APN WORC M:31 B:003 L:002+3
UPID US38-0657502
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • 24/7 Plumbers Plumbing Service General Contractor
  • Resinate Dispensary (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.47M
Blend (final) Blend
$1.25M
Owner & transaction history
Efp Global Holdings LLC
Efp Global Holdings LLC
since 2025
4 recorded transactions
2025
$2.8M
2019
Price N/A
2019
$1.1M
2016
$685,000
Zoning & alternative use
MG-1 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $2.0M +42.4%
Auto repair, garage $1.7M +17.0%
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