146 Eastern Ave Local commercial 610 m² À vendre Gloucester, MA 01930 1 459 497 € (2 393,34 €/m²) Taux de capitalisation 6,58 %

Sovereign Realty Advisors is pleased to exclusively offer for sale a single-tenant net-leased Advance Auto Parts property located in Gloucester, Massachusetts. Constructed in 2011, the property consists of a 6,564 square foot, single-story commercial building situated on 0.72 acres and is fully occupied by Advance Auto Parts.
Landlord is responsible for roof, structure and parking lot maintenance. The lease includes three (3) five-year renewal options, with rent increases of 10% in Options One and Two, and 7% in Option Three. Annual rent is scheduled to increase to $122,747 in February 2028, representing a 7.24% cap rate based on the offering price. The property benefits from excellent visibility along Route 127, with approximately 300 feet of frontage on Eastern Avenue, over 30 parking spaces, and convenient access to Route 128 — the primary corridor connecting the North Shore to Greater Boston. The tenant is responsible for real estate taxes, insurance, utilities, and maintenance, providing a stable, passive income stream.