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
Nearby Similar for Sale
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Bromfield Street Redevelopment Opportunity
Downtown Boston Restaurant Space, Redevelopment Potential
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).
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Contacts
Josh Kanter
Anthony DAmbrosia
Stewart Hickey
Glen Kunofsky
Visit Broker Website
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Dorchester Ave Boston, MA 02127
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Dorchester Ave Boston, MA 02127
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
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141 Dorchester Ave
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