EXCLUSIVE OFFERING: INVESTMENT OPPORTUNITY 7-ELEVEN ANCHORED STRIP CENTER 104-108 BELMONT STREET - WORCESTER, MASSACHUSETTS 12,720 SF EXECUTIVE SUMMARY: CPG is pleased to offer for sale this well established convenience oriented strip center and office property directly across from UMASS MEMORIAL MEDICAL CENTER on the Eastern edge of Worcester close to Shrewsbury. This mixed use center has been family owned and managed since inception. Center features a mix of national and local tenants who are in favorable leases and offer upside to the prospective buyer. Services rendered at the center can be considered “Essential” as they include Convenience/Grocery (7-Eleven), Banking (Bank of America ATM) and Liquor. The property is located on Route 9 (Belmont Street) on the Eastern side of Worcester 1/2 mile from downtown Worcester (West) and 2 miles form the busy retail corridor of White City in Shrewsbury (Shaw’s, Trader Joe’s, Whole Foods, Starbucks, Panera Bread and more). Traffic counts on Route 9/Belmont Street (21K ADT) and 1 mile from I-290 (117K ADT). The property features a large pylon sign and exposure to 7 day a week traffic.
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EXCLUSIVE OFFERING: INVESTMENT OPPORTUNITY7-ELEVEN ANCHORED STRIP CENTER
104-108 BELMONT STREET - WORCESTER, MASSACHUSETTS12,720 SF
EXECUTIVE SUMMARY:
CPG is pleased to offer for sale this well established convenience oriented strip center and office property directly across from UMASS MEMORIAL MEDICAL CENTER on the Eastern edge of Worcester close to Shrewsbury. This mixed use center has been family owned and managed since inception. Center features a mix of national and local tenants who are in favorable leases and offer upside to the prospective buyer. Services rendered at the center can be considered “Essential” as they include Convenience/Grocery (7-Eleven), Banking (Bank of America ATM) and Liquor.
The property is located on Route 9 (Belmont Street) on the Eastern side of Worcester 1/2 mile from downtown Worcester (West) and 2 miles form the busy retail corridor of White City in Shrewsbury (Shaw’s, Trader Joe’s, Whole Foods, Starbucks, Panera Bread and more). Traffic counts on Route 9/Belmont Street (21K ADT) and 1 mile from I-290 (117K ADT). The property features a large pylon sign and exposure to 7 day a week traffic.
INVESTMENT DRIVERS:
• Center features a 7-Eleven with historically strong sales.
• Leases offer prospective buyer upside as expirations near.
• Tenant mix includes fully lease medical office building. Proximity to the Medical Center indicates there will always be demand for medical office.
• Ample parking for retail and additional parking area for office building.
EXCLUSIVE OFFERING: INVESTMENT OPPORTUNITY7-ELEVEN ANCHORED STRIP CENTER
104-108 BELMONT STREET - WORCESTER, MASSACHUSETTS 12,720 SF
TENANT BREAKDOWN:
3,600 SF 120 SF 1,800 SF
BELMONTLIQUORS
1,800 SF
ATM
5,200 SF
Office
EXCLUSIVE OFFERING: INVESTMENT OPPORTUNITY7-ELEVEN ANCHORED STRIP CENTER
104-108 BELMONT STREET - WORCESTER, MASSACHUSETTS 12,720 SF
Office
ATM
BELMONTLIQUORS
21,000 ADT
Dedicated Parking
31 Spaces
EXCLUSIVE OFFERING: INVESTMENT OPPORTUNITY7-ELEVEN ANCHORED STRIP CENTER
104-108 BELMONT STREET - WORCESTER, MASSACHUSETTS 12,720 SF
POPULATION 1 Mile: 24,805 3 Mile: 158,138 5 Min DT: 57,321
DAYTIME POPULATION 1 Mile: 39,648 3 Mile: 111,577 5 Min DT: 69,427
MEDIAN HH INCOME 1 Mile: $38,812 3 Mile: $55,052 5 Min DT: $41,288
Office
BELMONT LIQUORS
ATM
Dedicated Parking
31 Spaces
21,000 ADT
117,000 AD
T
EXCLUSIVE OFFERING: INVESTMENT OPPORTUNITY7-ELEVEN ANCHORED STRIP CENTER
104-108 BELMONT STREET - WORCESTER, MASSACHUSETTS 12,720 SF
CONVISER PROPERTY GROUP IS A MEMBER OF
CONVISER PROPERTY GROUP, INC858 WASHINGTON STREET, SUITE 306 • DEDHAM, MA 02026
