536 N Main St, Leominster, MA 01453 For Sale

Glickman, Kovago & Jacobs is pleased to present the exclusive opportunity to acquire the single-tenant Taco John's investment property located at 536 N Main Street in Leominster, Massachusetts. The Property is offered at $3,500,000, representing a 6.46% capitalization rate on $226,000 of in-place net operating income, and is occupied under a 10-year lease that commenced in June 2024 with 8+ years of primary term remaining followed by two (2), 5-year renewal options that extend the secured income stream through 2044. The lease features attractive 10% rent escalations every five years throughout the primary term and at the start of each renewal option, growing in-place rent from $226,000 to $300,806 and providing the incoming investor with contractually defined income growth.

The Property is leased on an absolute Triple Net (NNN) basis, making this a truly passive, zero-management investment ideally suited for the 1031 exchange buyer. The Property is improved with a ±2,000 SF freestanding restaurant featuring a dedicated drive-thru lane on a 0.55-acre parcel, with direct frontage on Leominster's dominant retail corridor and 35,000+ vehicles per day along North Main Street. Drive-thru QSR pads of this profile are tightly held and rarely trade, providing the incoming investor with strong residual real estate value and broad tenant succession optionality across the QSR, coffee, and quick-casual categories.