536 N Main St - Freestanding FOR SALE


Leominster, MA 01453- Outer Fitchburg/Leominster
$3,500,000 USD
508-753-9100
536 N Main St, Leominster, MA for Sale
$3,500,000 USD
Freestanding - FOR SALE
1/9
null | 6.46% Cap Rate

536 N Main St
Leominster, MA 01453
Outer Fitchburg/Leominster


HIGHLIGHTS

  • New 10-year lease with 8+ years of primary term remaining plus two (2), 5-year renewal options extending through 2044.
  • $226,000 of in-place NOI with 10% rent escalations every five years growing contractual rent to $300,806 across the term and options.
  • Absolute Triple Net (NNN) lease provides zero landlord obligations and zero capex exposure for the entire hold.
  • Passive, management-free income asset ideal for the 1031 exchange buyer.
  • Substantial Tenant capital investment in build-out, drive-thru, and FF&E demonstrates long-term commitment to the site.
  • Taco John's is a national QSR franchise operating approximately 370 locations across 22 states with active Northeast expansion.

OVERVIEW

Glickman, Kovago & Jacobs is pleased to present the exclusive opportunity to acquire the single-tenant Taco John's investment property located at 536 N Main Street in Leominster, Massachusetts. The Property is offered at $3,500,000, representing a 6.46% capitalization rate on $226,000 of in-place net operating income, and is occupied under a 10-year lease that commenced in June 2024 with 8+ years of primary term remaining followed by two (2), 5-year renewal options that extend the secured income stream through 2044. The lease features attractive 10% rent escalations every five years throughout the primary term and at the start of each renewal option, growing in-place rent from $226,000 to $300,806 and providing the incoming investor with contractually defined income growth. The Property is leased on an absolute Triple Net (NNN) basis, making this a truly passive, zero-management investment ideally suited for the 1031 exchange buyer. The Property is improved with a ±2,000 SF freestanding restaurant featuring a dedicated drive-thru lane on a 0.55-acre parcel, with direct frontage on Leominster's dominant retail corridor and 35,000+ vehicles per day along North Main Street. Drive-thru QSR pads of this profile are tightly held and rarely trade, providing the incoming investor with strong residual real estate value and broad tenant succession optionality across the QSR, coffee, and quick-casual categories. Situated on North Main Street (Route 12) in the heart of Leominster's primary retail corridor, 536 N Main St enjoys direct frontage, strong visibility, and convenient access in one of North Central Massachusetts' most established trade areas. The Property sits within a tight cluster of three major retail destinations — Watertower Plaza, Orchard Hill Park, and The Mall at Whitney Field — collectively forming the dominant shopping district for the Leominster–Fitchburg market and surrounding towns. Anchored by national credit tenants including Target, BJ's Wholesale Club (with BJ's Gas), Market Basket, Home Depot, Walmart, Lowe's, Dick's Sporting Goods, Kohl's, TJ Maxx, Marshalls, Planet Fitness, and Petco. The Property is directly adjacent to Jimmy John's and surrounded by a dense concentration of national QSR and daily-needs generators including Dunkin', Starbucks, McDonald's, Wendy's, Burger King, Chipotle, AutoZone, and Cumberland Farms — with a new Chick-fil-A opening nearby in July 2026 signaling continued national QSR investment in the trade area. The Property benefits from excellent regional connectivity with direct access to the Route 2 / Route 2A interchange less than one mile to the north. More than 35,000 vehicles per day pass the Property along North Main Street, with the adjacent Route 2 interchange carrying 55,000+ vehicles per day.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$2,093 USD /SF

CAP RATE

6.46%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

commercial

APN/PARCEL ID

LEOM-000205-000002

ASK ABOUT THIS PROPERTY

Mike JacobsNAI Glickman Kovago & JacobsMore Info
508-753-9100

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Mike JacobsNAI Glickman Kovago & JacobsMore Info
508-753-9100

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