384 Main St Williamstown, MA 01267

This exceptional Class A retail investment property, located at 384 Main St, Williamstown, MA 01267, presents a compelling opportunity. The 10,736 square foot center boasts two nationally recognized tenants: Dollar General and Subway, operating under strong corporate guarantees. Both tenants recently renewed their leases, demonstrating long-term commitment. The property features 44 parking spaces and underwent extensive renovations in 2024, including a new roof and parking lot, eliminating any deferred maintenance. The current lease terms extend through December 31, 2028, with a remaining term of four years, commencing January 1, 2024. The investment offers a 7.54% cap rate and a substantial net operating income (NOI) of $139,796. Annual rent increases are built into the leases, with Dollar General's increasing by 5% every five years and Subway's increasing by 2.5% annually. The property is offered fee simple and is suitable for a 1031 exchange. Situated in Williamstown, Massachusetts, this property benefits from its location in the heart of the Berkshires and proximity to Williams College, a top liberal arts institution. This multi-tenant retail investment provides a diversified income stream and offers an in-place management option. The property's strong tenant mix, recent renovations, and attractive lease terms make it an ideal addition to any portfolio.