Address: 115 Northfield Road, Bernardston, Massachusetts, United States 01337
Type: Discount Store
Cap Rate: 6.30%
Lease Type: Triple-Net (NNN)
Annual Rent: $119,769
Net Operating Income: $119,769
Lease Term Remaining: 15 Years
Rental Increases: 10% Each Option Period
Options: Four (4), Five (5)-Year
Year Built: 2019
Rentable Sq/Ft: 9,079 SF
Rent Sq/Ft: $13.19
Price Sq/Ft: $209
Lot Size: +/-1.50
Marcus & Millichap is pleased to present the exclusive listing for the Dollar General located at 115 Northfield Road, Bernardston, MA. The property consists of approximately 9,079 square feet of building space and is situated on roughly 1.50 acres of land.
The Dollar General is set to open in early August 2019 and is subject to a 15-year absolute triple-net (NNN) lease. The initial annual rent is$119,769 and is scheduled to increase by 10% in each of the four, five-year renewal options.
Founded in Goodlettsville, Tennessee, Dollar General Corporation has been delivering value to shoppers for over 75 years. Dollar General helps shoppers Save time. Save money. Every day!® by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, clothing for the family, housewares and seasonal items at low everyday prices in convenient neighborhood locations. With over 15,000 stores in 45 states and over $25 billion in annual revenue, Dollar General is among the largest discount retailer.
The subject Dollar General is located at 115 Northfield Road in Bernardston, MA. The property is ideally situated directly off of Interstate-91, which is a primary thoroughfare connecting Southern Connecticut with Western Massachusetts, Vermont, and up to Canada.
This Dollar General is well-positioned in a suburban throughway consisting of many national and local tenants, schools, hospitality accommodations, and local attractions. National and local tenants in the area include Dunkin’ Donuts, Hillside Pizza, Sunoco, United States Postal Service, Antonio’s Pizza & Grinders, and a brand new Happy Valley Cultivation Center. Additionally, this investment property is located within walking distance from The Inn at Crumpin-Fox, a popular 29-room Country Inn.
Bernardston is a small rural town in western Massachusetts, located in north central Franklin County, on the border between Massachusetts and Vermont. The town is best known for being the home of a prominent New England boarding school, Northfield Mount Hermon. Northfield Mount Hermon has nearly 700 students and is in the same conference as elite schools such as Phillips Academy, Phillips Exeter, Choate, Deerfield, and Hotchkiss.
Bernardston is also part of the Springfield Metropolitan Area. Located along the Connecticut River, Springfield is the economic center of Western Massachusetts. It features the Pioneer Valley’s largest concentration of retail, manufacturing, entertainment, banking, legal, and medical groups. With 25 universities and colleges within a fifteen mile radius from Springfield, including several of America’s most prestigious universities and liberal arts colleges, and more than six institutions within the city itself, the Hartford-Springfield metropolitan area has been dubbed the Knowledge Corridor by regional educators, civic authorities, and businessmen. Springfield is also a city of innovation and vibrancy. MGM Grand built a $950 million casino and entertainment destination, CRRC Rail Corporation built a$566 million North American hub, and there is a $94 million Union Station multi-modal transportation center, which are some of the many reasons why MSNBC counts Springfield among the top ten U.S. cities where business opportunities are rising.
Broker of Record: John Horowitz License #1000303