399 Un St Ashland, MA 01721-2156

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.

Location Insight

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