45 Pulaski Blvd, Bellingham, MA 02019-2729
- Auto shops
- 6,831 SF
- 0.72 lot acres
Current Use by Public Records
- UPS Access Point location / Courier Service / Postal Service
Property Details for 45 Pulaski Blvd
- Year built
- 2008
- Construction
- STEEL FRAME
- Lot size
- 0.72 lot acres
- Property type
- Auto shops
- APN
- BELL M:0098 B:0140 L:0000
- APU
- BELLM0098B0140L0000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 1, 2021 | $2,600,000 | Ns Retail Holdings LLC | Kraus Retail LLC | Quit Claim Arm's Length For Ne States | — |
| Oct 18, 2016 | $2,700,000 | Kraus Retail LLC | Bellingham Auto LLC | Quit Claim Deed | $2M · Martha Vineyard Sb |
| Jan 13, 2012 | — | Bellingham Auto LLC | — | Deed Of Trust · related | $1.3M · Valley National Bank |
| Sep 14, 2011 | $2,090,000 | Bellingham Auto LLC | Joshua Realty LLC | Grant Deed | — |
| Apr 28, 2006 | $173,736 | Gary A Jolicoeur | Jolicoeur,gary A | Grant Deed · related | — |
| Jan 11, 2002 | $300,000 | Gary A Jolicoeur | Pulfar RT | Grant Deed | $100k · Zwi Kohorn |
Description
This exceptional investment opportunity presents a fee-simple ownership of a 7,000-square-foot retail storefront in Bellingham, Massachusetts. The property is currently 100% occupied by Advance Auto Parts, a publicly traded national retailer (NYSE: AAP) with over 6,290 stores and a $3.5 billion market cap. The long-term net lease boasts a remaining term of approximately 6.4 years, with three additional five-year renewal options, providing a stable and predictable income stream. The lease commenced on March 28, 2008, and is set to expire on March 31, 2031. The property features a corporate guarantee from Advance Auto Parts, mitigating tenant risk. The asking price is $2,206,896, representing a compelling cap rate of 7.25% based on a net operating income (NOI) of $160,000. Built in 2008, this single-story building sits on a 0.72-acre lot at 45 Pulaski Blvd, Bellingham, MA 02019. Its prime location offers convenient access to a major thoroughfare leading to downtown Woonsocket, Rhode Island, and benefits from high visibility across from a Stop & Shop supermarket and other national retailers. The property's strong demographics support Advance Auto Parts' customer base, including both professional installers and DIY consumers. The location is strategically situated on the Massachusetts/Rhode Island border, serving a population exceeding 100,000 within a five-mile radius and close proximity to the growing Providence, RI metropolitan statistical area. This is a rare opportunity to acquire a high-quality, net-leased retail property with a strong tenant, long-term lease, and attractive financial metrics.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,505,000
- ML approach
- $3,530,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,136,000
Market price range: $1.04M - $3.30M -
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $2,200,000 Current use
- RESTAURANT
- $2,930,000 Change: +33% Conversion: Difficult
- OFFICE BUILDING
- $2,005,000 Change: -9% Conversion: Difficult
- RETAIL STORES
- $2,000,000 Change: -9% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $1,960,000 Change: -11% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Bellingham
- County
- Norfolk
- State
- Massachusetts
- Longitude
- -71.4965
- Latitude
- 42.0181
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
