saugus, ma - exp realty advisors express oil - saugus, ma.pdf · this 3,200 sf building is leased...

This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy. It is

the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.

Phone: 212-972-7457

Fax: 212-686-0078

Email: [email protected]

Website: www.exp1031.com

Pennzoil Express OilSaugus, MA

Price: $815,000 | Cap: 10.85% | NOI: $88,500• Property is located on the highly traveled US Rt. 1 (New York – Boston Post Rd.) with traffic counts of 120,000+ VPD• Building is directly across from a Trader Joe’s, PetSmart and La-Z-Boy anchored shopping center• Other tenants in the immediate are include Target, Shaw’s, Marshall’s, Home Depot and Kohl’s among others • Property has excellent street frontage and visibility• There are over 81,000 people in a three mile radius with an average household income over $84,500• Saugus is located approximately 13 miles north of Boston• The property has excellent redevelopment potential

Pennzoil Express Oil481 Broadway (Rt. 1) – Saugus, (Boston), MA 01906

subject property

mailto:[email protected]

http://www.exp1031.com/



Phone: 212-972-7457

Fax: 212-686-0078




PROPERTY SUMMARY:This 3,200 sf building is leased to a Pennzoil Express Oil franchisee and is situated on .46 acres of land. It is located directlyacross the street from Shops At Saugus, a recently developed (2008), 97,404 s/f shopping center anchored by Trader Joe’s,PetSmart and La-Z-Boy. The property is located on Rt. 1 which has traffic counts of over 120,000 VPD. Other tenants in theimmediate trade area include Target, Kohls, Marshals, Home Depot, Staples, Bed, Bath & Beyond, Shaw’s, Dollar Tree,McDonald’s, Burger King and KFC among others. Saugus is located approximately 13 miles north of Boston. U.S. Route 1passes through town along a divided highway, with five exit ramps throughout town. This stretch of Route 1, though not afull controlled access highway (it is lined with a major shopping district, including the Square One Mall), is a majorcommuter route out of Boston, heading towards the intersection of Interstate 95 and Route 128 in Lynnfield. The route isalso shared by a 3/4-mile long concurrency with Route 129, which passes through North Saugus before joining Route 1 tohead northward into Lynnfield. The lease escalates in 2012 taking the cap rate to 10.47%. The property has excellentredevelopment potential and the landlord has the option to terminate the lease in the option period. There is a in placecross parking easement to allow for additional parking plus cross parking easement for more parking if needed forredevelopment.

LEASE SUMMARY:

Lease Type:This is a reimbursable triple net lease. Tenant maintains the premises and immediate surrounding area. Landlord pays taxesand is reimbursed fully. Tenant is responsible for insurance. Landlord has absolutely no maintenance, repair or replacementresponsibility for the building or land, such responsibility being solely that of the tenant.

*Landlord has the option to give notice to tenant 90 days after receipt of tenants notice to exercise any option voiding suchoption in which event term shall not be extended.

TENANT SUMMARY: Thirty Pines Properties, LLC (w/two personal guarantees) d/b/a Pennzoil Express Oil

List Price: $815,000

NOI: $88,500

Cap Rate: 10.85%

Bld. Sq Ft: 3,200 sf

Acres: .46

Ownership: Fee Simple

Assumable Financing: None


Lease Commencement: 12/21/2009

Term 60 Months 5 Yrs

Bld Size 3,200

Land Size 0.46 Acres

Rent % Increase PSF Cap

Rent (yr.) Yr 1 76,500$ 23.91

Yr 2 82,500$ 7.84% 25.78 9.00%

Yr 3 88,500$ 7.27% 27.66 9.65%

Yr 4 96,000$ 8.47% 30.00 10.47%

Yr 5 96,000$ 0.00% 30.00 10.47%

Options* One (5) Yr

Yr 6 96,000$ 0.00% 30.00 10.47%

Yr 7 96,000$ 0.00% 30.00 10.47%

Yr 8 96,000$ 0.00% 30.00 10.47%

Yr 9 105,600$ 10.00% 33.00 11.52%

Yr 10 105,600$ 0.00% 33.00 11.52%





Phone: 212-972-7457

Fax: 212-686-0078




Aerial

Eastern Bank

NORTH

Traffic Counts: 120,800 VPD





Phone: 212-972-7457

Fax: 212-686-0078



Pennzoil Express OilSaugus, MASite Plan Map

Subject Property





Phone: 212-972-7457

Fax: 212-686-0078




Labeled Aerial





Phone: 212-972-7457

Fax: 212-686-0078




Location Map





Phone: 212-972-7457

Fax: 212-686-0078




Traffic Counts Map





Phone: 212-972-7457

Fax: 212-686-0078




1-3-5 Mile Demographic Map





Phone: 212-972-7457

Fax: 212-686-0078




1-3-5 Mile Demographic Graphs





Phone: 212-972-7457

Fax: 212-686-0078




Contact Us

EXP Realty Advisors118 East 28th Street

Suite #901New York, NY 10016

Phone: (212) 972-7457 Fax: (212) 686-0078


Our Team

Robert P. JamesPresident

Phone: (212) 972-7457E-mail: [email protected]

Daniel de Sa‘Director of Sales

Phone: (212) 972-7457E-mail: [email protected]

1-3-5 Mile Demographic Data

1 Mile 3 Miles 5 Miles

Total Population 3,509 81,371 306,565

Male Population 48.2% 48.2% 48.3%

Female Population 51.8% 51.8% 51.7%

Median Age 46.2 42.8 41.1

Population Density (per sq. mi.) 1,113.8 2,869.8 3,892.3

Employees 3,240 39,047 119,304

Establishments 263 3,205 10,960

Median HH Income $72,566 $72,760 $62,768

Per Capita Income $32,820 $32,500 $28,904

Average HH Income $86,076 $84,551 $73,439

Total Households 1,296 31,129 118,652

Average Household Size 2.7 2.6 2.6

Household Growth 1990 - 2000 11.0% 5.9% 6.3%

Owner Occupied Housing Units 84.4% 74.2% 60.9%

Renter Occupied Housing Units 11.3% 21.4% 33.6%

Vacant Housing Units 4.4% 4.5% 5.4%

White 91.0% 88.0% 79.3%

Black 1.2% 2.1% 4.8%

American Indian, Eskimo, Aleut 0.0% 0.1% 0.1%

Asian 1.8% 3.2% 5.9%

Hawaiian or Pacific Islander 0.1% 0.1% 0.1%

Other 1.5% 2.7% 5.2%

Multirace 4.3% 3.8% 4.6%

Households: 2009

Housing: 2009

Race: 2009

Population: 2009

Income: 2009




saugus, ma - exp realty advisors express oil - saugus, ma.pdf · this 3,200 sf building is leased...

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