Bob's Discount Furniture - Stoughton, MA

601 Technology Center Dr Stoughton , MA 02072-4719

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

Download Offering Memorandum

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
Property Subtype Single Tenant / Standalone
Tenure Type Sale / Purchase
Property Address 601 Technology Center Dr, Stoughton, MA 02072-4719
Land In Acres 5
Building Size 34,136  ft2
Year Built 1994
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 4.2Yrs

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