470 Southbridge St, Auburn, MA 01501-2442
This exceptional 31,395 square foot retail storefront, located at 470 Southbridge Street in Auburn, Massachusetts, presents a compelling investment opportunity. Built in 1986 and situated on a one-acre lot, the property boasts 100% occupancy with three long-term tenants. The anchor tenant, Floors and Kitchens Today, a locally owned business with national buying power and a 37-year history, occupies approximately half the building. Nals Paint, a family-owned business with over 40 years of experience, occupies 2,200 square feet, and Floors and More, a third-generation flooring retailer assisting independent retailers, occupies just under 7,000 square feet. The building also includes approximately 2,000 square feet of common area. The property is zoned LB and benefits from a high-traffic location near major retail areas. This well-maintained property offers a stable income stream with long-term tenants, making it an attractive investment for discerning buyers. The asking price is $4,500,000, and the lease type is NNN. This is a rare opportunity to acquire a fully occupied, high-performing retail center in a desirable location. The property's strong tenant base and prime location ensure a consistent return on investment.
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Floors & Kitchens Today Carpet & Flooring Store Hardware & Home Improvement
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NAL'S Paint Center Hardware & Home Improvement Building Supply
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Big Bob's Flooring Carpet & Flooring Store
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Landmark Home Interiors General Contractor
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Eternally Homes Carpet & Flooring Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.