Description
73 Canal Street is a 6-unit freestanding double-net investment property located at the signalized corner of Canal Street and Riverlin Street in Millbury, MA. This investment opportunity is being offered at $1,200,000 which represents a 5.69% in-place capitalization rate, and an attractive pro-forma cap rate of 7.02%. The property's tenant roster is anchored by Select Physical Therapy, who just renewed their lease for an additional five year term, showing commitment to the location. With a long-history of consistent leasing, this plug-and-play opportunity is perfect for buyers seeking stable in-place cash flow from day one with high upside-potential.
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0BEDS
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0.25ACRES
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0BATHS
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01/2 BATHS
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7,200SQFT
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$167$/SQFT
School Ratings & Info
Description
73 Canal Street is a 6-unit freestanding double-net investment property located at the signalized corner of Canal Street and Riverlin Street in Millbury, MA. This investment opportunity is being offered at $1,200,000 which represents a 5.69% in-place capitalization rate, and an attractive pro-forma cap rate of 7.02%. The property's tenant roster is anchored by Select Physical Therapy, who just renewed their lease for an additional five year term, showing commitment to the location. With a long-history of consistent leasing, this plug-and-play opportunity is perfect for buyers seeking stable in-place cash flow from day one with high upside-potential.
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-07-03T15:08:33.697.