401 Technology Center Dr - Restaurant FOR SALE


Stoughton, MA 02072
$4,092,869 USD
972-755-5279
401 Technology Center Dr, Stoughton, MA for Sale
$4,092,869 USD
Restaurant - FOR SALE
1/5
null | 5.75% Cap Rate

401 Technology Center Dr
Stoughton, MA 02072


HIGHLIGHTS

  • Less than 15 Miles from Downtown Boston (Greater Boston Area is home to over 8.4 Million People Ranked 6th in the U.S.)
  • Fee-Simple Corporate Guaranteed Absolute Net Lease with 5.5 Years Remaining
  • Positioned Along Massachusetts Route 24 | Exceeding 137,946 VPD
  • Strong Demographics | Over 162,000 People in Five-Mile Radius | Over $144,000 Average Household Income in One-Mile Radius
  • Five 5-Year Renewal Options with 1% Annual Rent Increases
  • Adjacent to New Amazon Distribution Center

OVERVIEW

Paine Net Lease Team at Marcus & Millichap is pleased to offer for sale the free-standing corporate Olive Garden located at 401 Technology Center Drive in Stoughton, Massachusetts. This single-tenant property is a premier net-leased investment, backed by Olive Garden’s parent company, Darden Restaurants. The asset features an absolute net lease structure with no landlord responsibilities and includes favorable one-percent annual rent increases, providing built-in income growth for investors.

FOR SALE DETAILS

PRICE

$4,092,869 USD

PRICE/SF

$533 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Olive Garden

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.37 AC

LAND SF

59,677 SF

ZONING

HB

APN/PARCEL ID

STOU-000096-000053

ASK ABOUT THIS PROPERTY

John PainePaine Net Lease Team at Marcus & MillichapMore Info
972-755-5279

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

John PainePaine Net Lease Team at Marcus & MillichapMore Info
972-755-5279

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