riverway Plaza - CBRE

cbremarketplace.com

riverway Plaza - CBRE

Capital Markets | National Retail Investment Group

Riverway Plaza

795 bridge Street (route 3A) :: weymouth, massachusetts

A ±245,000 Square foot, lowe’ s-anchored shopping center


Riverway Plaza

795 bridge Street (route 3A) :: weymouth, massachusetts

CBRE’s National Retail Investment Group (NRIG) is pleased to offer for sale

Riverway Plaza in Weymouth, Massachusetts— just 12 miles south of downtown

Boston in the midst of one of eastern Massachusetts’ most desirable demographics.

Anchored by Lowe’s Home Improvement on a recently extended 20-year lease, the

property will appeal to investors seeking a stable, long-term cash flow generated

by national credit tenants.

LONG-TERM LEASES WITH NATIONAL CREDIT TENANTS

Investment Highlights

• 20-year lease with Lowe’s Home

Improvement (S&P A-)

• Highly desirable Greater Boston

demographic

• Excellent frontage and visibility

along MA Route 3A, the area’s

primary retail corridor

• Excellent, low basis opportunity

Riverway Plaza is anchored by a high-volume Lowe’s Home Improvement store,

which recently executed a 20-year lease extension. This Lowe’s is the only home

improvement store serving the affluent communities of Weymouth, Hingham and

Cohasset—and therefore draws shoppers from a wider-than-average trade area.

Including Lowe’s, 76% of the property’s total square footage is leased to tenants

carrying an investment-grade credit rating or better.

EXCELLENT RETAIL LOCATION

Riverway Plaza is located in Weymouth, Massachusetts—an affluent bedroom

community of Boston. Weymouth and the neighboring town of Hingham boast some

of the South Shore region’s most desirable demographics, including a population

of 173,000 people living within five miles, generating an average household income

of $82,000. In addition, the property enjoys excellent frontage and visibility along

Massachusetts Route 3A, the area’s primary retail thoroughfare. As further evidence

of the strength of this location, Riverway Plaza is shadow-anchored by a CVS and

McDonald’s on outparcels along Route 3A.


BRIDGE STREET

3A

Medical

Office

FULLER ROAD

■ Tenant Space

■ Shadow Anchor

Property description

Street Address 795 Bridge Street (Route 3A)

weymouth, Massachusetts 02191

Total GLA

±245,000 SF

Land Area

±23.1 acres

Total Leased 100%

Year Built 2002

Parking Spaces ±1,180 (4.4 per 1,000 SF)

Financial Summary

CBRE has analyzed the financial position of Riverway Plaza

based on historical and current income and expenses. The

estimated in-place net operating income for the year ending

March 31, 2014 is approximately $1,551,879.

Pricing

Riverway Plaza is being offered for sale without a formal asking

price. Once qualified investors have had an opportunity to

thoroughly review the Offering Memorandum, CBRE will schedule

a “call for offers.”


Capital Markets | National Retail Investment Group

Riverway plaza

Weymouth, Massachusetts

Location overview

Weymouth, Massachusetts is situated just 20 miles south of Boston in the heart of the Route 128 South submarket.

Intersected by Route 3, which quickly connects to Boston and Route 128, the town has excellent highway access

creating a beneficial hub for new business and industry. Weymouth is advantageously proximate to Worcester

(55 miles) and Providence (45 miles) as well. Weymouth is served by several MBTA bus routes in addition to three

MBTA Commuter Rail Stations: Weymouth Landing/East Braintree and East Weymouth on the Greenbush Line, and

South Weymouth on the Old Colony Line. Major employers in the immediate region include South Shore Hospital,

BJ’s Wholesale Club and Harbor Medical Associates.

Demographics 3 miles 5 miles 10 miles

2012 Est. Population 69,920 172,969 695,308

2012 Est. Average HHI $78,334 $81,761 $76,730

For more information, please contact:

National Retail investment group

Chris Angelone

617.912.7062

chris.angelone@cbre-ne.com

Bill Moylan

617.912.7029

bill.moylan@cbre-ne.com

Nat Heald

617.912.7021

nat.heald@cbre-ne.com

Bruce Lusa

617.912.7012

bruce.lusa@cbre-ne.com

33 Arch Street, floor 28 • Boston, Massachusetts 02110 • 617.912.7000, Fax 617.912.7001 • www.cbre-ne.com

© 2013 CBRE, Inc. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee,

warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates

used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which

should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your

satisfaction the suitability of the property for your needs.

CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this

document are the property of their respective owners.

More magazines by this user
Similar magazines