440 Mt Pleasant St

New Bedford, MA 02745

$18.00/SF

Also:

Collin Mulcahy

President · Listing broker

Building: ±4,561 SF
Available: ±4,561 SF + ±0.5 AC Pad
Suites: ±1,468 SF Main Level to ±4,561 SF
Lot: 0.25 Acres
Parking: Field Parking
Built: 1970

Highlights

Why this building

±4,561 SF + ±0.5 AC Pad

Available, in spaces from ±1,468 SF Main Level to ±4,561 SF contiguous.

0.25 Acres

Of land, with field parking of parking.

1970

Year built.

The property

Executive summary

Freestanding drive-thru pad site for lease at 440 Mt Pleasant Street in New Bedford, Massachusetts.

It's a ±4,561 SF former bank branch on a 0.25-acre pad at Central Plaza, right on New Bedford's north-end retail corridor. Route 140 carries about 51,000 vehicles a day just northwest of the site, I-195 is under a mile south, and the full Route 140 interchange is about 1.6 miles by road. The building went up in 1970 and still has its drive-thru canopy, a spot on the Central Plaza pylon marquee, and field parking, so a second-generation user can move quickly. We see it working for a QSR, a credit union, a medical tenant, or retail. The co-tenants and neighbors already pulling traffic are Dollar Tree, Vicente's Supermarket, Subway, Silva's Discount Liquors, Planet Fitness, and Wonder Bowl. There are 94,311 residents within three miles and 142,182 within five, so you get both daytime and residential demand. Alongside the building we have a separate ±0.5-acre pad on the same site available for ground lease at $200,000 per acre per year, which suits a build-to-suit QSR, a c-store, or a drive-thru concept that wants its own box. The building leases at $18.00/SF on a triple net basis.