214 Huttleston Ave - Restaurant FOR SALE


Fairhaven, MA 02719
$2,250,000 USD
332-345-4222
214 Huttleston Ave, Fairhaven, MA for Sale
$2,250,000 USD
Restaurant - FOR SALE
1/2
null | 6.67% Cap Rate

214 Huttleston Ave
Fairhaven, MA 02719


HIGHLIGHTS

  • 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

OVERVIEW

NNN Pro Group is pleased to present the exclusive listing for a Frontera Grill located at 214 Huttleston Ave in Fairhaven, MA. The site consists of roughly 6,185 rentable square feet of building space on estimated 1.33-acre parcel of land. This Frontera Grill has nine (9) years of term remaining on it’s double-net lease. The current annual rent is $150,049 and is scheduled to increase by 3% annually throughout the base term and in each of the 2, 5-year renewal options.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$364 USD /SF

CAP RATE

6.67%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Frontera Grill

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.33 AC

LAND SF

57,935 SF

ZONING

RA

APN/PARCEL ID

FAIR-000030A-000000-000091

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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