2.52 Acre Retail Property with Three Corporate Ground Leases

Investment Overview

The property is a 2.52-acre parcel that includes a free-standing bank building, a free-standing restaurant building, and a cell tower. The bank building is 3,113 square feet and is leased to M&T Bank. The restaurant is a 4,884-square-foot building leased to the Flynn Group under a corporate Applebee’s lease. The cell tower at the rear of the property is leased to Verizon and managed by Vertical Bridge. The property is located on the busy commercial corridor of Boston Road in Springfield that sees more than 23,000 vehicle trips per day.