Frontera Grill
Fairhaven, MA
Key Details
| Price: | $2,250,000 |
|---|---|
| Cap Rate: | 6.67% |
| Annual Rent: | $150,049 |
| Address: | 214 Huttleston Avenue, Fairhaven, Massachusetts 02719 |
| Property Type: | Retail |
| Lease Type: | Double Net (NN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 10/17/2013 |
| Lease Expiration: | 10/31/2033 |
| Lease Term Remaining: | 8.8 Years |
| Rental Increases: | 3% Annually & In Options |
| Lot Size: | 1.33 Acres |
| Building Size: | 6,185 SF |
| Year Built: | 2002 |
NNN Pro is pleased to present the exclusive listing for a Frontera Grill located at 214 Huttleston Avenue, Fairhaven, Massachusetts 02719. The site consists of roughly 6185 rentable square feet of building space on an estimated 1.33-acre parcel of land. This Frontera Grill is subject to a 20-year Double Net (NN) lease, which commenced 10/17/2013. The current annual rent is $150,049 and has scheduled increases of 3% Annually & In Options.
About the Investment
- ✓ Nine (9) Years of Lease Term Remaining | Minimal Landlord Responsibilities
- ✓ Extremely Attractive Three Percent (3%) Annual Increases in Frontera Lease | Strong Hedge Against Inflation
- ✓ Large Lot | 1.33 Acres | 76 Parking Spaces
Key Details
| Price: | $2,250,000 |
|---|---|
| Cap Rate: | 6.67% |
| Annual Rent: | $150,049 |
| Address: | 214 Huttleston Avenue, Fairhaven, Massachusetts 02719 |
| Property Type: | Retail |
| Lease Type: | Double Net (NN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 10/17/2013 |
| Lease Expiration: | 10/31/2033 |
| Lease Term Remaining: | 8.8 Years |
| Rental Increases: | 3% Annually & In Options |
| Lot Size: | 1.33 Acres |
| Building Size: | 6,185 SF |
| Year Built: | 2002 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Josh Kanter
jkanter@nnnpro.com
License: NY: 10401294056
Stewart Hickey
shickey@nnnpro.com
License: NY: 10401370869
Anthony D'Ambrosia
adambrosia@nnnpro.com
License: NY: 10401294012
Broker of Record
Brian Brockman
Bang Realty-New England, Inc
License: 1000169
Related Listings
Loading...
Friendly's
18 Pearson Boulevard, Gardner, Massachusetts 01440
PRICE$2,025,000
CAP RATE7.00%
Loading...
LA Fitness
1150 Hall of Fame Avenue, Springfield, Massachusetts 01105
PRICE$14,965,000
CAP RATE6.50%
Loading...
Town Fair Tire
10 Silver Street, Greenfield, Massachusetts 01301
PRICE$3,040,000
CAP RATE6.25%
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.