187 Broadway
Lawrence, MA 01840
Burger King · Commerce de détail Propriété À vendre

Horvath & Tremblay has been selected to exclusively market for sale the ground lease interest of a free standing Burger King in Lawrence, Massachusetts. The fifteen-year, triple net (NNN) ground lease was signed in June 2010 and comes with (6) five year options. Rental escalations of ten percent (10%) are scheduled every ten years throughout the base term and option periods. The 2,794 square foot property sits on 0.60 acres of land and features a drive through lane and a 26 parking spot lot. Burger King is backed by a corporate guarantee. Located in the Heart of Lawrence, Burger King is well positioned at a highly visible location with direct street frontage along the main thoroughfare in Lawrence, Broadway (Route 28). The property is easily accessible off of Interstate 93 and Interstate 495. There is a large concentration of schools ranging from elementary to collegiate in this area of Lawrence. Within one mile of the site there are two public schools, two Catholic schools as well as The Northern Essex Community College.These schools bring a large number of students within walking distance of the Burger King property. Additional tenants in the area include: McDonald' s, CVS, AutoZone, Santander Bank, Speedway/Marathon Gas, Dunkin' Donuts, Eastern Bank, TD Bank, and Wendy' s.