61 Broadway | Malden, MA 02148
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- LoopNet Team
61 Broadway
Malden, MA 02148
Burger King Ground Lease | Strong Store Sales · Retail Property For Sale
Investment Highlights
- Absolute Triple-Net (NNN) Ground Lease with 12 Years Remaining - Corporate Guaranty by Burger King Corporation
- Ranks in Top Percentile for Visits - 96th Percentile in the US per Placer Ai
- Burger King has Operated at the Site Since 1974
- Extremely High Store Sales - Very Healthy Rent to Sales Ratio
- 10 Percent Rental Increases Every Five Years
- Densely Populated Location within the Boston MSA - 613,798 Residents within a Five- Mile Radius, Projected to Increase Four Percent by 2026
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
4,420 SF
Building Class
C
Year Built
1971
Tenancy
Single
Number of Floors
1
Building FAR
0.11
Lot Size
0.96 AC
Zoning
HB - Highway Business
Parking
65 Spaces (14.71 Spaces per 1,000 SF Leased)
Frontage
63 ft on Broadway
Amenities
- Drive Thru
PROPERTY TAXES
| Parcel Number | MALD-000123-000486-000607 | Improvements Assessment | £549,213 |
| Land Assessment | £704,680 | Total Assessment | £1,253,893 |
PROPERTY TAXES
Parcel Number
MALD-000123-000486-000607
Land Assessment
£704,680
Improvements Assessment
£549,213
Total Assessment
£1,253,893
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