569 Boylston St - Fast Food FOR SALE


Boston, MA 02116- Back Bay | 
$14,575,000 USD
617-896-7231
569 Boylston St, Boston, MA for Sale
$14,575,000 USD
Fast Food - FOR SALE
1/5
null | 4% Cap Rate

569 Boylston St
Boston, MA 02116
Back Bay


HIGHLIGHTS

  • Centrally Located in Boston's Copley Square and Back Bay, & adjacent to Newbury Street's High Fashion
  • Servicing an incredible two-mile daytime population of approximately one million people.
  • Ranked as the third-highest-producing location among the company's 3,000 locations.
  • Corporate backed 10-year NNN lease.
  • The tenant invested approximately $13 million of their own capital to completely renovate the building insuring their occupancy for generations

OVERVIEW

The Koury Group at Marcus & Millichap is proud to present for sale 1 of the top 3 Chick-fil-As in the entire country, strategically located in Boston's iconic Copley Square, with a 10-year corporate-backed lease. Adjacent to iconic Newbury Street and Boston's Back Bay, it's 1 of only 2 Chick-fil-As serving a daytime 2-mile population of 1 million people. Chick-fil-A invested approximately $13 million ($2,047 PSF) of their own money prior to taking occupancy in 2020, renovating and fitting out every component of the building, ensuring their occupancy for generations to come Corporate backed 10-year NNN lease. Trophy-level sales of more than $19 million, ranking it as the third-highest-producing Chick-fil-A among the company's 3,000 locations, are even more remarkable given the lack of drive-thru windows. Recognizing its immense popularity, the City of Boston has removed all parking meters in front of the store to provide free 15-minute customer pickup parking. 1 of only 2 Chick-fil-A locations within a 5-mile radius servicing an incredible 2-mile daytime population of approximately 1 million people. Located within a mile of iconic institutions/landmarks including: • MIT, Harvard University and Boston University • The State House, Beacon Hill and Boston's Financial District • Newbury Street, Boylston Street and Boston's Back Bay • The Public Garden and Boston Common

FOR SALE DETAILS

PRICE

$14,575,000 USD

PRICE/SF

$2,296 USD /SF

CAP RATE

4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chick-fil-A

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1905

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

B-6-90-A

APN/PARCEL ID

0501304000

ASK ABOUT THIS PROPERTY

James KouryInstitutional Property AdvisorsMore Info
617-896-7231

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James KouryInstitutional Property AdvisorsMore Info
617-896-7231

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