Property Description
310 Andover Street in Peabody, Massachusetts, is a prominent retail property in Long Term Capital's (LTC) portfolio, acquired in 2022. Spanning an expansive 95,886 square feet, this building is fully leased to At Home, a well-known home decor superstore, making it a significant retail destination in the area.
The property's large footprint is perfectly suited to accommodate At Home's extensive range of home decor products, offering ample space for a diverse and comprehensive shopping experience. The interior is designed to facilitate easy navigation and display a wide variety of items, from furniture to decorative accessories, appealing to a broad customer base.
Situated just north of Downtown Boston, 310 Andover Street enjoys a strategic location that enhances its visibility and accessibility. Its proximity to major transportation routes makes it an easy-to-reach destination for shoppers from Peabody and the surrounding areas. Additionally, the property's location near the North Shore Mall, a major retail hub, adds to its attractiveness, drawing in customers seeking a comprehensive shopping experience.
The building is equipped with 59 parking spaces, ensuring convenience for customers and contributing to a positive shopping experience. This ample parking facility is a significant asset for a retail location of this size, accommodating the high volume of visitors that At Home attracts.
310 Andover Street represents a strategic acquisition by LTC, reflecting their ability to identify and invest in properties with high potential. The full leasing of the building to a major tenant like At Home highlights its appeal in the competitive retail market and underscores LTC's commitment to investing in and developing prime retail spaces. The property’s ideal location, coupled with a strong tenant presence, makes it a valuable and stable asset in LTC's real estate portfolio.
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Property Details
Property Type
Size
Year Acquired
Retail
100,000 sqft
2022
Property Location
310 Andover Street, Peabody, MA, USA