Atlantic Capital Partners sells Danvers Dick’s Sporting Goods for $16 million

Danvers, MA Atlantic Capital Partners has completed the $16 million sale of a Dick’s Sporting Goods. Positioned 20 miles north of Boston, the asset benefits from prominent frontage within one of the region’s most densely populated and highly trafficked retail corridors.

The transaction was led by Eric Suffoletto, partner and managing director; Joey Tagliente, vice president; and Danny Griffin, vice president. Atlantic Capital Partners exclusively represented the seller in this transaction. 

The offering consists of an 80,000 s/f building situated on 3.92 acres, currently occupied by Dick’s Sporting Goods. The property presents an opportunity for investors seeking a well-located, single-tenant asset in the heart of the North Shore’s premier retail corridor. Suffoletto said, “This transaction underscores continued investor demand for well-located retail real estate with both in-place income and a clear path to future value creation. The asset’s positioning within a dominant North Shore retail corridor drove strong interest from investors.”

The asset is located along Rte. 128, which sees 88,400 vehicles per day, and serves as a primary commuter artery into downtown Boston. The surrounding retail ecosystem is further bolstered by proximity to two of the region’s shopping destinations: Northshore Mall, which attracts approximately 8.9 million annual visitors, and Liberty Tree Mall, with approximately 8.6 million annual visits.

Suffoletto said, “We continue to see disciplined capital targeting opportunities where strong real estate fundamentals intersect with actionable business plans. This asset checked both boxes and allowed investors to underwrite multiple paths to value.”