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29586425
29586427

180 Huttleston Ave, Fairhaven, MA 02719

DF
FL SL3282650
Marcus & Millichap
AA
FL SL3474399
Marcus & Millichap
Listed by Marcus & Millichap
$1,725,000
122 days on market
Updated 32 days ago
Opportunity zone

Burger King

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,250
Net Rentable (SqFt) 3,250
Cap Rate 6.01%
NOI $103,700
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
Price per SqFt $531
Broker Co-Op Yes
Year Built 1970
Buildings 1
Stories 1
Lot Size (SqFt) 31,912
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 03/12/2020
Ground Lease No
Ownership Fee Simple
Sale Condition 1031 exchange

Greater Boston Area | 14+ Years Remaining

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. Outparcel to Fairhaven Commons Shopping Mall featuring Walmart, Marshalls, Verizon, Planet Fitness, Pet Supplies Plus, and More. Fronting Huttleston Avenue which sees nearly 20,000 vehicles per day.

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.

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: Outparcel to Fairhaven Commons Shopping Mall featuring Walmart, Marshalls, Verizon, Planet Fitness, Pet Supplies Plus, and More. Fronting Huttleston Avenue which sees over 17,786 vehicles per day. Surrounded by National Retailers including Chipotle, Starbucks, Tractor Supply, Staples, McDonald’s, Dunkin, and More.

FAIRHAVEN, MA: Fairhaven, Massachusetts is a coastal town on Buzzards Bay, 60 miles outside of Boston, known for its historic charm, maritime heritage, and scenic beaches like Fort Phoenix State Reservation alongside a vibrant small-town downtown and waterfront access. Economically, Fairhaven benefits from maritime activities, retail, healthcare, and education sectors, along with tourism tied to its beaches, trails, and community events; its proximity to New Bedford also expands employment opportunities.

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
$103,700.00
$8,641.67/mo

Valuation Metrics

0
DSCR
6.01%
Cap Rate
6.01%
ROI

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Additional Information

Name
THOMAS SHIHADEH
License
1000485
Brokerage
Marcus & Millichap
Brokerage Phone
(617) 896-7200
Title
Broker of Record
Brokerage Address
100 HIGH ST., STE. 1025 BOSTON, MA 02110
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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