680 Southbridge St - Restaurant FOR SALE


Auburn, MA 01501
$1,846,153 USD
215-600-1761
680 Southbridge St, Auburn, MA for Sale
$1,846,153 USD
Restaurant - FOR SALE
1/6
null | 6.5% Cap Rate

680 Southbridge St
Auburn, MA 01501


HIGHLIGHTS

  • Long Term Ground Lease
  • Scheduled Rent Increases
  • Strong Operator
  • Zero Management Responsibilities
  • Strategic Retail Location
  • High Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the single-tenant Applebee’s investment property located at 680 Southbridge Street in Auburn, Massachusetts (the “Property”). Applebee’s has been at this location since 1999, originally operating under a 20-year, Absolute NNN Ground Lease. Applebee’s has since exercised two of their 5-year options, demonstrating their commitment to the site and the market. The ground lease currently has 3+ years of term remaining followed by two (2), 5-year renewal options. The lease features rent increases at the start of each of the remaining renewal options. Applebee’s is strategically located along Southbridge Street in Auburn’s primary commercial corridor, situated next to the signalized intersection with Faith Avenue and Goulding Drive, which provides strong visibility, frontage, and convenient access. The Property benefits from excellent regional connectivity, located near the interchange of Interstate 290 and the Massachusetts Turnpike (I-90), allowing for efficient access to Worcester, Boston, and surrounding Central Massachusetts communities. The surrounding retail environment is well established, with nearby national retailers and traffic generators including BJ’s Wholesale Club, Walmart Supercenter, and the Auburn Mall, all of which contribute to consistent consumer traffic and sustained activity within the trade area.

FOR SALE DETAILS

PRICE

$1,846,153 USD

PRICE/SF

$360 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Applebee's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.79 AC

LAND SF

77,972 SF

ZONING

-

APN/PARCEL ID

AUBU-000061-000000-000040

ASK ABOUT THIS PROPERTY

Mark TaylorHorvath & TremblayMore Info
215-600-1761

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Mark TaylorHorvath & TremblayMore Info
215-600-1761

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