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110 Grill 170 Forbes Rd 5,812 SF Retail Building Braintree, MA 02184 $6,986,067 CAD ($1,202.01 CAD/SF) 6.50% Cap Rate

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Investment Highlights

Long Term Lease
Zero Landlord Responsibilities
Strategic Retail Location

Attractive Rent Increases
Rapidly Expanding Brand
South Shore Plaza

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the condominium interest in 110 Grill, a single tenant investment property located at 170 Forbes Road in Braintree, Massachusetts (“the Property”). 110 Grill is operating under a 20-year Absolute NNN Lease that commenced in 2023. Currently there are 17+ years of term remaining followed by four (4), 5-year renewal options. The lease calls for attractive annual rent increases throughout the base term and the renewal options. 110 Grill is well located along Forbes Road and is seconds from the intersection of Granite Street and Interstate 93. The Property features excellent frontage and visibility along Forbes Road and is clearly visible from Interstate 93. 110 Grill is part of a two-unit condominium and shares the lot with a 139-room Residence Inn (Marriott), which provides a built-in customer base. The immediate area is home to the South Shore Plaza, the premier shopping destination south of Boston, as well as countless national retailers and restaurants, and office and industrial parks, all of which drive traffic to the area. The Property is close to the area’s primary roadways, several nationally branded hotels, area schools, and densely populated residential neighborhoods.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Restaurant

Building Size

5,812 SF

Building Class

Year Built

2017

Price

$6,986,067 CAD

Price Per SF

$1,202.01 CAD

Cap Rate

6.50%

NOI

$454,094 CAD

Tenancy

Single

Building Height

1 Story

Major Tenants

Accommodation and Food Services
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110 Grill est l'endroit où la cuisine contemporaine et la cuisine innovante se rencontrent. Ici, nous sommes passionnés par la saveur pure, les ingrédients de qualité et la culture d'une atmosphère accueillante qui peut être l'hôte idéal pour un dîner intime, une fête de famille ou un cocktail entre amis pendant le match. Leurs salles à manger privées sont parfaites pour les douches nuptiales, les dîners d'entreprise, les réunions, les réceptions et bien plus encore ! Leur menu propose une cuisine américaine moderne mettant l'accent sur la saveur et la diversité. Ils sont fermement attachés à la sensibilisation aux allergies, et la plupart des éléments de leur menu peuvent être facilement modifiés pour répondre à tous les besoins en matière d'allergies. De plus, ils offrent des menus sans gluten distincts.