50 Independence Way - Fast Food FOR SALE


Danvers, MA 01923- Danvers MA
$7,647,000 USD
617-865-1145
50 Independence Way, Danvers, MA for Sale
$7,647,000 USD
Fast Food - FOR SALE
1/4
null | 4.25% Cap Rate

50 Independence Way
Danvers, MA 01923
Danvers MA


HIGHLIGHTS

  • Best in Class QSR Brand
  • Brand-New 15-Year Absolute NNN Ground Lease Condo
  • Brand New Construction with Long-Term Commitment
  • Affluent Trade Area Demographics
  • High-Volume Traffic Count
  • Located Within Liberty Tree Mall Retail District

OVERVIEW

Surmount is pleased to present the exclusive listing for a Chick-Fil-A located at 50 Independence Way, Danvers, MA 01923. The site consists of roughly 5,076 rentable square feet of building space on an estimated 2.25-acre parcel of land. Chick-Fil-A is subject to a 15-year Triple Net (NNN) ground lease, which is estimated to commence on 9/26/2026. The current annual rent is $325,000 and has scheduled increases of 10.00% Every 5 Years.

FOR SALE DETAILS

PRICE

$7,647,000 USD

PRICE/SF

$1,499 USD /SF

CAP RATE

4.25%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chick-Fil-A

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.25 AC

LAND SF

98,010 SF

ZONING

C

APN/PARCEL ID

DANV-000063-000000-000005-000001-000001

ASK ABOUT THIS PROPERTY

Josh KanterSurmountMore Info
617-865-1145

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Josh KanterSurmountMore Info
617-865-1145

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