Property details

Corporate NNN Boston Market For Sale, Southeast Region

Property Description


Located in an Income Tax Free State!     

Corporate NNN Boston Market For Sale

Corporate NNN Boston Market For Sale

Fantastic Florida Location

~9 Years remaining on a new 10-Year Lease

Strong Sales - Better than predicted year after year

2% Rental Increases Every 5 Years in both primary term and in options.






About the Tenant

Boston Market Corporation, headquartered in Golden, Colorado, has been giving time back to busy people since 1985. We offer fresh, home-style meals-from rotisserie chicken, turkey, meatloaf and brisket to high-quality side dishes-in more than 490 restaurants from coast to coast. We're also one of the country's largest providers of catering services. Our same-day ordering and delivery for corporate and personal events of all sizes make Boston Market Catering a welcome relief from traditional sandwich tray selections. For the price of a sub sandwich and chips at other restaurants, Boston Market puts quality, flavor and wholesomeness on the center of the plate. From http://www.bostonmarket.com/newsroom/index.jsp?page=about

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Highlights

Status:
Available
Price:
$1,750,000
Cap Rate:
6.00%
Annual Rent:
$105,000
Rent Increases:
2% Rental Increases Every 5 Years in both primary term and in options
 

Property Information

Property Type:
Net Lease
Industry Type:
Restaurant
Units/Spaces:
1
Land Area:
0.50 acres
Purchase Tenure:
Fee Simple
 

Lease information

Tenant:
Boston Market
Lease Type:
NNN
Lease Commencement:
03/08/2014
Lease Expiration:
03/07/2024
Lease Term:
10 years
Lease Remaining:
5.6 years
Landlord Responsibilities:
None. Absolute NNN Triple Net Lease
Options:
Four 5-year options
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. 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. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.