203 Lowell St - Restaurant FOR SALE


Wilmington, MA 01887
$3,050,000 USD
508-272-0585
203 Lowell St, Wilmington, MA for Sale
$3,050,000 USD
Restaurant - FOR SALE
1/7
null | 6% Cap Rate

203 Lowell St
Wilmington, MA 01887


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,050,000 USD

PRICE/SF

$1,246 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.64 AC

LAND SF

202,118 SF

ZONING

-

APN/PARCEL ID

WILM-000048-000000-000000-000073

ASK ABOUT THIS PROPERTY

Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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