170 Forbes Rd - Restaurant FOR SALE


Braintree, MA 02184- North Braintree
$5,419,512 USD
781-776-4003
170 Forbes Rd, Braintree, MA for Sale
$5,419,512 USD
Restaurant - FOR SALE
1/5
null | 6.15% Cap Rate

170 Forbes Rd
Braintree, MA 02184
North Braintree


HIGHLIGHTS

  • Long Term Lease
  • Attractive Rent Increases
  • Zero Landlord Responsibilities
  • Rapidly Expanding Brand
  • Strategic Retail Location
  • Outstanding Traffic Counts

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,419,512 USD

PRICE/SF

$932 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

110 Grill

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Robert HorvathHorvath & TremblayMore Info
781-776-4003

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Robert HorvathHorvath & TremblayMore Info
781-776-4003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.