The Handle Bar
Boston, MA
Key Details
| Price: | $1,639,867 |
|---|---|
| Cap Rate: | 6.00% |
| Annual Rent: | $98,392 |
| Address: | 141 Dorchester Avenue, Boston, Massachusetts 02127 |
| Property Type: | Retail |
| Lease Type: | Modified Triple Net |
Property Data
| Original Lease Term: | 19 Years |
|---|---|
| Lease Commencement: | 4/26/2013 |
| Lease Expiration: | 7/31/2032 |
| Lease Term Remaining: | 7.5 Years |
| Rental Increases: | 16% in 2027; FMV In Option |
| Lot Size: | 0.04 Acres |
| Building Size: | 1,757 SF |
| Year Built: | 2013 |
NNN Pro is pleased to present the exclusive listing for The Handle Bar retail condo located at 141 Dorchester Ave, Boston, MA 02127. The site consists of roughly 1,757 rentable square feet of building space. The Handle Bar is subject to a 10-year Modified Triple Net lease, which commenced on 4/26/2013 and expires in 7.5 years. The current annual rent is $98,392 and has a 16% rental increase on 4/1/2027 which will increase the CAP rate by 100 basis points.
About the Investment
- NNN Investment | The Handle Bar pays for all expenses during the term of their lease making this an incredibly passive investment. The landlord is only responsible for capital expenses that exceed the lifetime of the lease.
- Long Term Occupancy and Strong Commitment to This Site | The Handle Bar originally signed a lease in 2013 for 10 years and they have extended the term early twice thus far demonstrating a strong commitment to this site and a desire to remain at this location.
- Excellent Real Estate Fundamentals | The property is located at a four-way signalized intersection with excellent visibility. There are approximately 20,200 and 14,300 average vehicles per day along Dorchester Avenue and W Fourth Street. Interstate-93 brings an additional 133,200 vehicles into the immediate area daily.
Key Details
| Price: | $1,639,867 |
|---|---|
| Cap Rate: | 6.00% |
| Annual Rent: | $98,392 |
| Address: | 141 Dorchester Avenue, Boston, Massachusetts 02127 |
| Property Type: | Retail |
| Lease Type: | Modified Triple Net |
Property Data
| Original Lease Term: | 19 Years |
|---|---|
| Lease Commencement: | 4/26/2013 |
| Lease Expiration: | 7/31/2032 |
| Lease Term Remaining: | 7.5 Years |
| Rental Increases: | 16% in 2027; FMV In Option |
| Lot Size: | 0.04 Acres |
| Building Size: | 1,757 SF |
| Year Built: | 2013 |
Talk to the Pros
Josh Kanter
jkanter@nnnpro.com
License: NY: 10401294056
Anthony D'Ambrosia
adambrosia@nnnpro.com
License: NY: 10401294012
Stewart Hickey
shickey@nnnpro.com
License: NY: 10401370869
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Broker of Record
Brian Brockman
Bang Realty-New England, Inc
License: 1000169
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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.