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.