900 S Washington St - Restaurant FOR SALE


North Attleboro, MA 02760
$1,936,000 USD
781-776-4003
900 S Washington St, North Attleboro, MA for Sale
$1,936,000 USD
Restaurant - FOR SALE
1/5
null | 6.25% Cap Rate

900 S Washington St
North Attleboro, MA 02760


HIGHLIGHTS

  • Long Term Ground Lease
  • Attractive Rent Increase
  • 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 900 South Washington Street in North Attleboro, Massachusetts (the “Property”). Applebee’s has been at this location since 1998, 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 2+ years of term remaining followed by two (2), 5-year renewal options. The lease calls for attractive rent increases at the start of each of the remaining renewal options. Applebee’s is strategically located just half a mile from North Attleboro’s Emerald Square Mall along the area’s primary commercial corridor. The Property is situated at the signalized intersection of South Washington Street (US-1) and Draper Avenue, just off Interstate 295. The location benefits from excellent frontage, visibility and signage on South Washington Street, and is directly in front of the Hampton Inn & Suites North Attleboro. Major retailers driving traffic to the area include a Walmart Supercenter and Lowe’s, as well as an extensive array of popular brands at the Emerald Square Mall.

FOR SALE DETAILS

PRICE

$1,936,000 USD

PRICE/SF

$408 USD /SF

CAP RATE

6.25%

% 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

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.54 AC

LAND SF

67,082 SF

ZONING

-

APN/PARCEL ID

NATT-000025-000068

ASK ABOUT THIS PROPERTY

Robert HorvathHorvath & TremblayMore Info
781-776-4003

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Robert HorvathHorvath & TremblayMore Info
781-776-4003

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