ATTLEBORO, MA–Marcus & Millichap, a commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of a Net-Leased Stop & Shop Fueling Station, located in Attleboro, MA. The asset sold for $2,000,000.00
Laurie Ann Drinkwater, first vice president investments in Marcus & Millichap’s Boston office and Seth J. Richard, first vice president investments in Marcus & Millichap’s Manhattan office had the exclusive listing to market the property on behalf of the seller, a regional developer.
The property is located at 485 Pleasant St in Attleboro, MA and is an out parcel to the Stop & Shop grocery store that it was developed to service. Well located in the dominant retail corridor, Stop & Shop completed a renovation in 2010.
“This was an excellent opportunity to own a fundamentally sound piece of real estate leased to a very strong tenant with zero management responsibility,” stated Drinkwater. “The prime location and increases in rent ensure long term success for the investor,” added Richard.