206 Washington St North Attleboro, MA 02760-2390
- Grocery and convenience stores
- 70,770 SF
- 11.52 lot acres
Mar 14, 2025
Current Use by Public Records
- Grocery and convenience stores
Property Details for 206 Washington St
- Year built
- 1993
- Construction
- STEEL FRAME
- Lot size
- 11.52 lot acres
- Property size
- 70,770 SF
- Zone code
- C60
- Property type
- Grocery and convenience stores
- APN
- NATT M:0004 B:0134 L:0000
- APU
- NATTM0004B0134L0000
Description
Lantern Plaza, a Class A retail property in North Attleborough, MA, presents a compelling investment opportunity. This 71,297 square foot shopping center is anchored by a Stop & Shop grocery store, which has occupied the space since its construction in 1993 and recently extended its lease through December 2028. The property boasts 100% occupancy, with a second tenant, a restaurant, under a lease extending to February 2026. The Stop & Shop lease is a net lease with a corporate guarantee, providing strong tenant credit. The property features 490 parking spaces and sits on a 12.85-acre lot zoned C60 - Limited Highway Commercial District. Located on Route 1 (East Washington Street), at a signalized intersection, the property benefits from high visibility and significant traffic volume (15,267 vehicles per day). The property underwent renovations in 2018, demonstrating the tenant's long-term commitment. The asking price is $18,700,000, representing a 7.30% cap rate and a net operating income (NOI) of $1,355,596. The property is offered free and clear of existing debt. Detailed lease information and rent bumps are available upon request. This is a stabilized, net lease investment with a strong tenant and excellent location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- North Attleboro
- County
- Bristol
- State
- Massachusetts
- Longitude
- -71.3325
- Latitude
- 41.9726
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
