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110 Grill 170 Forbes Rd 5,812 SF Retail Building Braintree, MA 02184 $5,419,512 ($932.47/SF) 6.15% Cap Rate

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INVESTMENT HIGHLIGHTS

Long Term Lease
Zero Landlord Responsibilities
Strategic Retail Location

Attractive Rent Increases
Rapidly Expanding Brand
Outstanding Traffic Counts

EXECUTIVE SUMMARY

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the condominium interest in 110 Grill, a single tenant investment property located at 170 Forbes Road in Braintree, Massachusetts (“the Property”). 110 Grill is operating under a 20-year Absolute NNN Lease that commenced in 2023. Currently there are 17+ years of term remaining followed by four (4), 5-year renewal options. The lease calls for attractive annual rent increases throughout the base term and the renewal options. 110 Grill is well located along Forbes Road and is seconds from the intersection of Granite Street and Interstate 93. The Property features excellent frontage and visibility along Forbes Road and is clearly visible from Interstate 93. 110 Grill is part of a two-unit condominium and shares the lot with a 139-room Residence Inn (Marriott), which provides a built-in customer base. The immediate area is home to the South Shore Plaza, the premier shopping destination south of Boston, as well as countless national retailers and restaurants, and office and industrial parks, all of which drive traffic to the area. The Property is close to the area’s primary roadways, several nationally branded hotels, area schools, and densely populated residential neighborhoods.

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Restaurant

Building Size

5,812 SF

Building Class

Year Built

2017

Price

$5,419,512

Price Per SF

$932.47

Cap Rate

6.15%

NOI

$333,300

Tenancy

Single

Building Height

1 Story

MAJOR TENANTS

Accommodation and Food Services
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110 Grill is where contemporary dining and innovative cuisine meet. Here we are passionate about pure flavor, quality ingredients, and the cultivation of an inviting atmosphere that can play the perfect host to an intimate dinner, a family celebration, or a cocktail with friends during the game. Their private dining rooms are perfect for bridal showers, company dinners, meetings, functions, and much more! Their menu features modern American cuisine with an emphasis on flavor and diversity. They are strongly committed to allergy awareness, and most of their menu items can be easily modified to fit any allergy needs. In addition, they feature separate Gluten Free menus.