399 Un St Ashland, MA 01721-2156
Property profile & analytics
399 Un St Ashland, MA 01721-2156
- Retail space
- 11,354 SF
- 1.27 lot acres
Property ID
US38-0604803
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Walgreens Photo / (Bike/Boat/Book/etc) Store
- COVID-19 Drive-Thru Testing at Walgreens / Medical Laboratory
- Western Union / Bank / Credit Union
- Kimberly Hartman / Pharmacy
- Richard Mccarthy / Pharmacy
Property Details for 399 Un St
- Year built
- 2003
- Lot size
- 1.27 lot acres
- Property size
- 11,354 SF
- Zone code
- 30
- Property type
- Retail space
- APN
- ASHL M:020.0 B:0009 L:0000.0
- APU
- ASHLM0200B0009L00000
Description
This exceptional investment opportunity presents a newly constructed, 2,575 square foot Starbucks located at 399 West Union Street in Ashland, Massachusetts. The property, built in 2024, sits on a 1.27-acre lot with 35 parking spaces and enjoys excellent visibility at a major intersection. The single-tenant, Class A building is currently 100% occupied under a Net Lease agreement with Starbucks, a credit-rated tenant with a corporate guarantee. The lease commenced July 25, 2024, and has a remaining term of approximately 9.7 years, extending to July 30, 2034, with four 5-year renewal options. Rent is $175,000 annually, with a 10% increase every five years, including option periods. The property boasts a 5.80% cap rate and a strong NOI of $175,000. This stabilized, Core+ investment offers a compelling combination of new construction, minimal landlord responsibilities (limited to structure, roof, and parking), and a secure, long-term passive income stream. The property benefits from a densely populated trade area with a 5-mile radius population exceeding 119,110, boasting an average income over $175,332. The location offers high visibility along a main thoroughfare with an average daily traffic count of 15,300 vehicles. This is a 1031 exchange eligible property. The asking price is $3,020,000.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $2,615,000
- OFFICE BUILDING
- $2,485,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Ashland
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.4664
- Latitude
- 42.2559
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$22,078
$389,300
$1,278,200
$1,667,500
-
$0.00
$0.00
$0.00
