Bob's Discount Furniture - Stoughton, MA

601 Technology Center Dr
Stoughton , MA 02072-4719

Bob's Discount Furniture - Stoughton, MA - Retail for sale

Overview


JLL Capital Markets is pleased to offer for sale the Bobs Discount Furniture property in Stoughton, Massachusetts. The property represents an exceptional opportunity to acquire a well-established, single-tenant property in a strong suburban location. The market surrounding Bobs Discount Furniture has become an established destination for furniture shoppers across Greater Boston, with over 600,000 square feet occupied by major furniture retailers including IKEA, Bassett, La-Z-Boy, Jordans and Boston Interiors. Bobs Discount Furniture has been operating at this location for nearly 15 years, and offers investors a stable income stream with 2.5% annual rental increases.

Investment Highlights


• Absolute NNN lease with over five years remaining on an initial 20-year term
• Over 780,000 people live within a 10-mile radius, generating average household incomes exceeding $102,000
• Proven junior box retail location with surrounding tenants including Bassett Home Furnishings, La-Z-Boy, Jordan’s, and Boston Interiors
• High-performing location with excellent access via Route 24
• Bob’s operates 24 stores in New England, including eight outlet locations and two with e-commerce pick up sections
• Since 2014, Bob’s has opened over 50 locations nationwide achieves over $1 billion in sales annually
General
Property Type Retail
Tenure Type Sale / Purchase
Property Address 601 Technology Center Dr, Stoughton, MA 02072-4719
Land In Acres 5
Building Size 34,136  ft2
Financial
Price $9,390,000
Cap Rate 7.76%
Current NOI $728,331.00
Lease
Tenant's Name Bob's Discount Furniture, LLC
Lease Type NNN
Lease Expiration Date 10/31/2023
Remaining Term 4.7Yrs

Other properties you may be interested in

  • Identity Group - Net Lease Industrial Portfolio
    Various - See Om For Details
    , TN
    Type(s):     Industrial
    Tenure(s):     Sale / Purchase
    Price ($USD):     8,000,000
    Space Available:     200,749 ft2
    Identity Group - Net Lease Industrial Portfolio, JLL PowerSearch
  • Walgreens - Fall River, MA
    328 Rhode Island Ave
    Fall River, MA 02721-2330
    Type(s):     Retail
    Tenure(s):     Sale / Purchase
    Price ($USD):     8,050,000
    Space Available:     14,820 ft2
    Walgreens - Fall River, MA, FALL RIVER, JLL PowerSearch
  • Walgreens - East Providence
    600 Warren Ave
    East Providence, RI 02914-2808
    Type(s):     Retail
    Tenure(s):     Sale / Purchase
    Price ($USD):     3,790,850
    Space Available:     16,657 ft2
    Walgreens - East Providence, East Providence, JLL PowerSearch
  • Bob's Discount Furniture
    515 Boston Post Rd
    Orange, CT 06477-3509
    Type(s):     Retail
    Tenure(s):     Sale / Purchase
    Price ($USD):     6,588,000
    Space Available:     28,024 ft2
    Bob's Discount Furniture, Orange, JLL PowerSearch
  • Walgreens - Westbrook, CT
    1211 Boston Post Rd
    Westbrook, CT 06498-1949
    Type(s):     Retail
    Tenure(s):     Sale / Purchase
    Price ($USD):     8,532,000
    Space Available:     14,820 ft2
    Walgreens - Westbrook, CT, Westbrook, JLL PowerSearch
  • Ashley HomeStore - Leasehold
    51 Richards Ave
    Norwalk, CT 06854-2309
    Type(s):     Retail
    Tenure(s):     Sale / Purchase
    Price ($USD):     Contact Us
    Space Available:     24,041 ft2
    Ashley HomeStore - Leasehold, Norwalk, JLL PowerSearch