Nouria Gas

64 River Road West, Berlin, MA 01503

$5,698,500

Cap Rate 6.10%

Views: 128 DOM: 153 Updated: 09.06.24 Posted: 07.03.24 Status: Contract 09.18.24

Summary

Price $5,698,500	Built/Renov 2011	Tenant Nouria Gas
Cap Rate 6.10%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 3,530	Lease Start 06-04-2011	#Units 169
Price/SF $1,614.31	Expiration 06-03-2031	Tenant Type Convenience/Gas
NOI $347,360	R. Term 6.6	Ownership Fee Simple
Rent/SF $98.40	Increases 10.0%/2/yrs	Pop 5Mi 83,615
Lot/AC 0.89	Options 5/5yrs/10%	AHHI 5Mi $146,808

Lease Highlights

Nouria Gas has 6+ years remaining on the current lease term with 5 (5-year) options to extend
The lease features 5% rental escalations throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Nouria Gas is strategically located on River Road West, with access to 75,000 vehicles passing by daily. The property is a gas station and convenience store with a Dunkin’ Donuts, located near the intersection of Interstates 290 and 495. Additionally, it is situated in the southern section of town with direct visibility from the I-290 exit ramps and is the only gas station and convenience...

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Key Features

In location for years
Near major nationals
Strategically located
Freeway visibility
Top 100 MSA
Affluent AHHI $100K 5 Mi
Absolute NNN
Accelerated depreciation
Limited competition
Corporate Guarantee

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Links

Nouria Energy Wikipedia Berlin, Massachusetts Zip Code 01503 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Nouria Energy
Guarantor:Corporate
Company:Nouria Energy
# Units:169
Stock:Private

About Tenant

Nouria Energy Corporation (Nouria) is a privately held company primarily engaged in the retail of gasoline, convenience store goods, and quick-service restaurants across the Northeastern United...

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Demographics

	1 Miles	3 Miles	5 Miles
2029 Total Population :	1,308	19,783	85,569
2024 Total Population :	1,270	19,313	84,639
2024 Employed Civilian Pop :	644	10,892	47,225
2024 Total Businesses :	144	1,274	3,844
2024 Average Household Income :	$ 172,777	$ 183,207	$ 158,216
2024 Total Consumer Spending :	$ 65 M	$ 1145 M	$ 4440 M
2024 Median Age :	47	43	41
2024 Total Households :	448	7,412	32,919
2024 Pop Age 25+: Bachelor's Degree :	312	4,203	16,955
2024 Average Home Value :	$ 715,104	$ 667,293	$ 621,968

*ESRI data is presented for informational purposes only

Listing Broker

Seth Richard

Marcus & Millichap

Contact

2 Listings
306 Views
0 Sold

Laurie Ann Drinkwater

Marcus & Millichap

Contact

2 Listings
306 Views
0 Sold

Seth Richard

Seth J. Richard joined Marcus & Millichap in 2004. He has helped to develop and shape the team into one of New England’s top retail performers in the brokerage industry. Seth focuses on the analysis, underwriting and, positioning of assets in the marketplace in alignment with cutting edge market information that has proven to yield optimal results. Seth has continually surpassed sales goals year after year, selling over $250 million in commercial real estate this past year alone. Seth

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Laurie Ann Drinkwater

Laurie Ann (L.A.) Drinkwater, CCIM brings unparalleled experience to the table with over 30 years in the industry as a real estate and asset management executive. In addition to a degree in Business Management, she also holds the Certified Commercial Investment Member (CCIM) designation, awarded to commercial real estate professionals upon completion of a graduate-level educational curriculum and presentation of a portfolio of qualifying industry experience. LA has proven to navigate clients

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