Shopping Center - NNN Net Lease Property for Sale
Springfield, MA
Key Investment Metrics
Price
$2,090,000
Cap Rate
5.0%
Net Operating Income
$104,500
Building Size
858 SF
Lot Size
9,000 SF
Land Area
0.54 Acres
Year Built
N/A
Occupancy
100%
Tenancy
Single
About This Shopping Center Net Lease Property
This Shopping Center NNN (triple net lease) property is located in Springfield, MA and represents an excellent investment opportunity for commercial real estate investors. The property features 858 square feet of building space.
With a cap rate of 5.0%, this Shopping Center net lease property offers stable income potential. The asking price is $2,090,000, making it an attractive option for 1031 exchange investors seeking quality Shopping Center commercial properties.
Why Invest in Shopping Center NNN Properties?
- Stable Income: Shopping Center net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Shopping Center is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Springfield, MA Market Overview
Located in Springfield, MA, this Shopping Center property benefits from strong local demographics and market fundamentals. The Springfield area offers excellent visibility and accessibility, making it an ideal location for Shopping Center operations and a solid investment for net lease property buyers.