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29566801
29566782

830 Southbridge St, Auburn, MA 01501

DF
FL SL3282650
Marcus & Millichap
AA
FL SL3474399
Marcus & Millichap
Listed by Marcus & Millichap
$2,250,000
123 days on market
Updated 33 days ago

Burger King

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Net Rentable (SqFt) 2,766
Cap Rate 6%
NOI $134,952
Occupancy 100%
Tenancy Single
Brand/Tenant Burger King
Lease Type Absolute NNN
Lease Term 20.1
Lease Expiration 03/31/2040
Remaining Term 13.8
Rent Bumps Yes
Broker Co-Op Yes
Year Built 2000
Buildings 1
Stories 1
Lot Size (SqFt) 40,363
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 03/12/2020
Ground Lease No
Ownership Fee Simple
Sale Condition 1031 exchange

14 Years Remaining | Greater Boston Area

Marketing description

Marcus & Millichap is pleased to present a single-tenant, net leased Burger King featuring approximately 14 years remaining on an absolute NNN lease with a percentage rent structure that provides upside tied to store performance. The tenant, JSC New England Leasehold, LLC, is an experienced Burger King franchisee operating 70 locations across the Northeast with a strong operating history. The site is positioned along Southbridge Street (U.S. Route 20), benefiting from nearly 25,000 vehicles per day and immediate access to I-290, I-90, and I-395.

Investment highlights

STRENGTH OF A GLOBAL BRAND: Burger King is one of the largest and most recognizable fast-food chains in the world, famous for its flame-grilled hamburgers, particularly the Whopper, which has become an iconic item on its menu. Founded in 1954, Burger King has a long history of serving fast food and has grown to become a global leader in the quick-service restaurant industry, with more than 19,000 locations in over 100 countries.

FRANCHISEE/TENANT: JSC Management Group is a well-established Burger King franchisee that owns and operates 70 Burger King restaurants across New York, Massachusetts, Connecticut, and Rhode Island. They have decades of Burger King operating experience and are known for strong unit-level performance, disciplined operations, and consistent brand execution. JSC has been recognized by Burger King for operational excellence, including being named Franchisee of the Year. Their scale, experience, and long-term commitment to the brand make them a highly credible and proven operator in the QSR space.

LONG TERM NNN LEASE: The property benefits from approximately 14 years remaining on the current base term. The lease includes percentage rent, which aligns rent obligations with sales performance and helps support the tenant’s long-term profitability, reducing the risk of vacancy for the landlord; a win-win for both the tenant and landlord.

LOCATION: Fronting the main commercial corridor, South Bridge St (U.S. 20) which sees nearly 25,000 vehicles per day and direct access to I-290, I-90, & I-395. Surrounded by National Retailers such as Home Depot, BJ’s Wholesale, TJ Maxx, and various Auto Dealerships like Ford, Nissan, Cadillac, and More.

WORCESTER MSA: 850,000+ People in the Trade Area - Auburn, Massachusetts is a strategically located suburban town in the Worcester metro area, 45 miles outside of Boston, with strong access to major highways and a regional workforce, making it attractive for distribution, light manufacturing, and retail businesses. Worcester, the economic hub of Central Massachusetts, has diversified beyond its manufacturing roots into healthcare, education, biotech, and tech sectors with major employers and universities driving jobs and innovation.

Listing Contacts

DF
FL SL3282650
Marcus & Millichap
AA
FL SL3474399
Marcus & Millichap
Listed by Marcus & Millichap

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$134,952.00
$11,246.00/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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Additional Information

Name
THOMAS SHIHADEH
License
1000485
Brokerage
Marcus & Millichap
Brokerage Phone
(617) 896-7250
Title
Broker of Record
Brokerage Address
100 HIGH STREET, SUITE 1025 BOSTON, MA 02110
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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