54 Main St Brookfield, MA 01506-1514
Property profile & analytics
54 Main St Brookfield, MA 01506-1514
- Commercial land
- 9,933 SF
- 1.87 lot acres
Property ID
US38-1782793
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
- Dollar General / Discount Store
- Western Union / Bank / Credit Union
- FedEx OnSite / Postal Service / Courier Service
Property Details for 54 Main St
- Year built
- 2013
- Lot size
- 1.87 lot acres
- Property size
- 9,933 SF
- Zone code
- RR
- Property type
- Commercial land
- APN
- BROO M:007B B:0000 L:00230
- APU
- BROOM007BB0000L00230
Description
This exceptional investment opportunity presents a fee-simple interest in a single-tenant Dollar General convenience store located at 54 W Main St, Brookfield, MA 01506. The property boasts a 9,002 square foot building on a 1.83-acre lot, constructed in 2014. Currently operating under an absolute NNN lease with a credit-rated tenant (S&P: BBB), the lease features a remaining term of 4.5 years, with three five-year options including a 10% rent increase at the beginning of each option period. The property generates a substantial net operating income (NOI) of $124,340, resulting in a compelling 7.75% cap rate. The asking price is $1,604,000 ($178.18/sq ft). This Dollar General enjoys excellent visibility on a main thoroughfare and benefits from limited competition, being the only store in its zip code. Placer.ai data indicates it's a top performer within its chain, showing consistent year-over-year foot traffic growth. The surrounding area exhibits a growing population and high average household income exceeding $100,000 within a five-mile radius. Dollar General's investment-grade credit rating, coupled with its expansion plans and the recent struggles of competitors, further enhances the investment's appeal. This is a rare opportunity to acquire a passively managed, high-performing asset in a desirable location. The property's strong performance metrics, coupled with the favorable lease terms and tenant creditworthiness, make this an attractive investment for discerning buyers. The location is conveniently situated 65 miles east of Boston, 50 miles southwest of Hartford, CT, and 60 miles southeast of Providence, RI.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,285,000
- ML approach
- $1,280,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,495,000
- 6.5%
- $1,380,000
- 7%
- $1,280,000
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,095,000 Current use
- RESTAURANT
- $1,875,000 Change: +71% Conversion: Difficult
- RETAIL STORES
- $1,560,000 Change: +43% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,525,000 Change: +39% Conversion: Difficult
- OFFICE BUILDING
- $1,350,000 Change: +24% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $1,255,000 Change: +15% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $1,190,000 Change: +9% Conversion: Moderate
- WAREHOUSE, STORAGE
- $995,000 Change: -9% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Brookfield
- County
- Worcester
- State
- Massachusetts
- Longitude
- -72.1191
- Latitude
- 42.219
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT 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
$1,470
$96,700
$0.00
$96,700
-
$0.00
$0.00
$0.00
