58-60 Summer St - Storefront Retail/Office FOR SALE


Boston, MA 02110- Financial District
$2,678,000 USD
617-239-3610
58-60 Summer St, Boston, MA for Sale
$2,678,000 USD
Storefront Retail/Office - FOR SALE
1/3
null | 6.96% Cap Rate

58-60 Summer St
Boston, MA 02110
Financial District


HIGHLIGHTS

  • IRREPLACEABLE DOWNTOWN BOSTON LOCATION
  • LONG-TERM LEASE WITH ANNUAL CONTRACTUAL RENT GROWTH
  • ZERO LANDLORD RESPONSIBILITIES
  • SURROUNDED BY BOSTON’S PREMIER EDUCATIONAL INSTITUTIONS
  • EXCEPTIONAL DAYTIME POPULATION DRIVEN BY MAJOR OFFICE EMPLOYERS
  • DENSE URBAN DEMOGRAPHICS WITH EXCEPTIONAL PURCHASING POWER

OVERVIEW

Atlantic Capital Partners has been exclusively retained to market for sale 58 Summer Street in Boston, Massachusetts, a premier urban net lease investment 100% occupied by Five Guys. The offering consists of a 3,422-square-foot commercial condominium located in the heart of Downtown Boston and is secured by a recently executed 10-year lease extension through October 2037 with no remaining renewal options. The lease features attractive 3.25% annual rent increases, providing investors with durable cash flow growth and a projected NOI exceeding $205,000 by the end of the extension term. Positioned steps from Boston’s Financial District, Downtown Crossing, and South Station, the property benefits from one of the most densely populated and highly trafficked urban trade areas in the Northeast. The immediate area is supported by a substantial daytime population driven by major office employers, world-renowned universities, and a robust tourism economy, creating a highly attractive location for one of the nation’s most recognized fast-casual restaurant brands.

FOR SALE DETAILS

PRICE

$2,678,000 USD

PRICE/SF

$223 USD /SF

CAP RATE

6.96%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Five Guys - Retail Condo

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Restaurant, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,318 SF

ZONING

B-10-0, Boston

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Justin SmithAtlantic Capital PartnersMore Info
617-239-3610

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Justin SmithAtlantic Capital PartnersMore Info
617-239-3610

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