For Sale
$1,639,867

141 Dorchester Ave Boston, MA 02127

High-yield, NNN lease, strong tenant

Overview

Added:
Jan 24
Days on market:
94
This 1,757 sq ft Boston retail condo, occupied by The Handle Bar, offers a compelling investment opportunity. The property boasts a 6.00% cap rate and a strong, long-term lease with a corporate guarantee, extending until July 31, 2032 (7.5 years remaining). The tenant, The Handle Bar, has demonstrated significant commitment, extending their lease twice since the initial 10-year agreement signed in April 2013. Located at a four-way signalized intersection on Dorchester Ave (141 Dorchester Ave, Boston, MA 02127), the property benefits from high visibility and significant daily traffic volume (approx. 20,200 and 14,300 vehicles on Dorchester Ave and W Fourth St, respectively, plus 133,200 vehicles daily from I-93). The current annual net operating income (NOI) is $98,392, with a 16% rent increase scheduled for April 1, 2027. The property is a modified triple-net (NNN) lease, meaning the tenant covers most operating expenses, making this a passive investment with the landlord only responsible for capital expenses exceeding the lease's lifespan. The asking price is $1,639,867, representing a price per square foot of $933.33. The building was constructed in 2013 and sits on a 1,757 sq ft lot. This is a single-tenant, 100% occupied rental condo.

Highlights

  • $1,639,867 asking price for a 1,757 square foot retail condo in Boston, MA.
  • Net lease investment with a corporate guarantee from The Handle Bar, a health and fitness center.
  • Modified net lease with 7.5 years remaining on a 19.3-year term (expires 07/31/2032).
  • 6.00% cap rate with a current NOI of $98,392 and a price per square foot of $933.33.
  • 100% occupancy in a building constructed in 2013, located at a signalized intersection with high traffic counts.

Property Details for 141 Dorchester Ave

Property type
Retail properties
Square Feet
1,757 SF
Year Built
2013

Location Insight

City
Boston
County
Suffolk
State
Massachusetts
Latitude
42.3423774
Longitude
-71.0582071

FAQs

What type of property is this?
Retail property - High-yield, NNN lease, strong tenant
Where is the retail property located?
The property is located at 141 Dorchester Ave Boston, MA.
What is the asking price?
The asking price for this property is $1,639,867.
What are key features of this property?
This property features: $1,639,867 asking price for a 1,757 square foot retail condo in Boston, MA.; Net lease investment with a corporate guarantee from The Handle Bar, a health and fitness center.; Modified net lease with 7.5 years remaining on a 19.3-year term (expires 07/31/2032).
How can I contact the broker?
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141 Dorchester Ave
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