1244 Boston Rd Springfield, MA 01119-1343
This exceptional Class A, 4,800 square foot storefront, located at 1244 Boston Rd in Springfield, Massachusetts (APN 016550232), presents a compelling investment opportunity. The property is currently 100% occupied by a Mattress Firm under an absolute NNN lease with approximately three years remaining until November 29, 2027. The lease boasts a strong history, with the tenant occupying the space for over two decades. The building features a recently installed new roof and benefits from excellent street frontage and high visibility on a busy retail thoroughfare. The property offers a 6.00% cap rate, with a current NOI of $86,112 and a pro-forma NOI of $86,062. The asking price is $1,425,000, translating to a price per square foot of $296.88. This fee-simple ownership opportunity provides a stable, high-yield investment in a desirable retail location. The single-story building is situated in Hampden County, MA, zip code 01119. This is a rare chance to acquire a well-established, profitable retail property with a long-term tenant and significant upside potential.
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Mattress Firm Springfield Furniture & Home Goods
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
SR1B1 · Springfield, MASpringfield. 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.