This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
460 W Grove St
Middleboro, MA 02346
Burger King · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
- Pylon Sign
- Drive Thru
ABOUT 460 W GROVE ST , MIDDLEBORO, MA 02346
¦¦ ABSOLUTE NNN LEASE WITH RECENT EXTENSION This offering features a recently-extended, 14-year absolute NNN lease to the Mastoran Corporation, a seasoned Burger King franchisee which operates 43 locations and has over 30 years of franchise experience. Mastoran has been operating at this location for more than 15 years and recently extended their lease for an additional 10 years following a thorough renovation at no cost to the landlord. ¦¦ AN IDEAL 1031 PASSIVE INVESTMENT Leased on an absolute NNN basis, this asset requires no management or maintenance from the owner. It offers a truly passive ownership experience which is attractive to many 1031 exchange investors who seek long-term stable cash flow. ¦¦ NATIONAL BRAND WITH CONSISTENT SALES Burger King is a top national performer with over 15,000 locations worldwide. Sales at this site have remained stable for the course of this lease, consistently reporting roughly $1.3M, which translates to a healthy 8.2% rent to sales ratio.
PROPERTY TAXES
| Parcel Number | MIDD-000048-002994 | Improvements Assessment | $703,500 |
| Land Assessment | $906,400 | Total Assessment | $1,609,900 |
PROPERTY TAXES
