Atlantic Capital Partners has been exclusively engaged to
solicit offers for the sale of Starbucks in Wilmington, MA.
The 2,448 SF single tenant building is newly constructed
and leased to Starbucks on a firm 10-year lease that runs
through 2035. The property features a modern prototype
with drive-thru and the lease features 10% rental increases
every 5-years, including its four (4) five (5) year options.
Situated at 203 Lowell Street, the property benefits from its
positioning at the signalized intersection of Lowell Street &
Woburn Street which sees over 30,000 VPD and captures
commuter traffic to I-93 from the trade area. The asset
draws from a strong, affluent consumer base, with roughly
60,000 people in the 3-mile trade area with average
household incomes of over $180,000. The property is
also surrounded by a variety of new construction, Class A
buildings that include: The Alice, a 90,000 SF (50-unit)
multi-family property, a new BTS 300,000 SF Class A
Warehouse/Distribution/Robotics facility bringing a large
employment base to the trade area, and a new medical
outpatient facility leased to one of the leading hospital
systems in Greater Boston.