Historical Retail Sale Listing - Burger King

Retail For Sale

This Retail property is Off-Market. Search below to find active commercial real estate for sale or lease.

Browse More Listings in Retail For Sale, Boston, MA or Massachusetts

Burger King

1 Maverick Square, Boston, MA 02128

N/A

2,398 SF | Retail

  • Print

Retail Property - Off Market

Price:
N/A
Building Size:
2,398 SF
Property Type:
Retail
Property Sub-type:
Restaurant
Property Use Type:
Net Lease Investment with
3 years left on lease
Cap Rate:
6.28%
Tenancy:
Single
Lot Size:
1,199 SF
Listing ID
18240577
Last Updated
291 days ago

Highlights

  • 3+ Years Remaining On The Original Base Term With (3) Ten Year Options
  • Rental Escalations Of 3% Each Year Throughout The Base Term And Option Periods
  • Located Steps Away From The Maverick Square Stop On The MBTA Commuter Rail
  • Average Household Income Of $89,335 Within A Three Mile Radius
  • Population Of 288,628 Within A Three Mile Radius

Description

The Property for sale is a Burger King Restaurant located in East Boston, Massachusetts. The 2,398 square foot property is located at 1 Maverick Square, in the heart of East Boston. The original 10 year lease commenced on December 1, 2006 and includes (3) ten year options. Rental escalations of 3% are scheduled at the beginning of each lease year throughout the base term and option periods. Burger King is operated by Two Guys Foods, Inc., a franchisee who currently operates 10 other stores in Massachusetts. The sale includes the real estate only.

Though its economy was built on seaport related industries, East Boston today is anchored by Logan Airport, the construction of which began in 1923 and significantly and inextricably altered the face of the neighborhood. Maverick Square is a section of the neighborhood of East Boston in Boston. The square is intersected by several thoroughfares, but is most notably recognized by the convergence of Chelsea Street and Meridian Street. At the heart of the square is Maverick Station, which is part of the Blue Line of the MBTA.

Map of 1 Maverick Square, Boston, MA 02128 (Suffolk County)

Research for 1 Maverick Square, Boston, MA 02128 (Suffolk County)

  • Demographics – Population, income & other demographics near 1 Maverick Square
  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building