1 Maverick Square
Boston, MA 02128 ·
2,398 SF · Retail For Sale
|Price||N/A||Property Use Type||Net Lease Investment with 3 years left on lease|
|Building Size||2,398 SF||Cap Rate||6.28%|
|Property Sub-type||Restaurant||Lot Size||1,199 SF|
|Listing ID: 18240577||Date Created: 06/28/2013||Last Updated: 01/14/2014|
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.
- 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
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