Bob's Discount Furniture - Stoughton, MA

Asset Type

Retail

Address
601 Technology Center Dr Stoughton, MA United States 02072-4719
Asking Price

S$12,860,000

Sq Footage

34,136

Year Built

1994

Cap Rate

7.76%

Additional Attributes
Escalations 2.5% Annually
Lease Expiration 2023-10-31
Lease Type NNN
Options 2 x 5 Years
Rent Commencement 2003-10-01
Tenant Bob's Discount Furniture, LLC

Property Description

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
Listing Contacts
Nat Heald
Nat Heald
EVP, Capital Markets
+65 3159 4021
MA - 9088276
Chris Angelone
Chris Angelone
Managing Director, Captl Mkts
+65 3159 4021
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