Five Guys - 58 Summer Street
Retail | 6.66% CAP | 3,422 SqFt
Marketing description
Atlantic Capital Partners has been exclusively retained to market for sale 58 Summer Street in Boston, Massachusetts, a premier urban net lease investment 100% occupied by Five Guys. The offering consists of a 3,422-square-foot commercial condominium located in the heart of Downtown Boston and is secured by a recently executed 10-year lease extension through October 2037 with no remaining renewal options. The lease features attractive 3.25% annual rent increases, providing investors with durable cash flow growth and a projected NOI exceeding $205,000 by the end of the extension term.
Positioned steps from Boston's Financial District, Downtown Crossing, and South Station, the property benefits from one of the most densely populated and highly trafficked urban trade areas in the Northeast. The immediate area is supported by a substantial daytime population driven by major office employers, world-renowned universities, and a robust tourism economy, creating a highly attractive location for one of the nation's most recognized fast-casual restaurant brands.
Investment highlights
IRREPLACEABLE DOWNTOWN BOSTON LOCATION - The property occupies a premier location in the heart of Downtown Boston, surrounded by the Financial District, Downtown Crossing, and South Station, benefiting from exceptional pedestrian traffic and one of the Northeast’s most dynamic urban environments.
LONG-TERM LEASE WITH ANNUAL CONTRACTUAL RENT GROWTH - Five Guys recently executed a 10-year lease extension through October 2037 featuring 3.25% annual rent increases, providing investors with predictable and compounding NOI growth.
ZERO LANDLORD RESPONSIBILITIES - The lease is structured as a triple-net (NNN) lease with the tenant responsible for real estate taxes, insurance, CAM, and utilities, creating a passive investment opportunity.
SURROUNDED BY BOSTON’S PREMIER EDUCATIONAL INSTITUTIONS - The property is located within minutes of Suffolk University, Emerson College, and Northeastern University, providing a substantial and recurring student population that supports year-round consumer demand
EXCEPTIONAL DAYTIME POPULATION DRIVEN BY MAJOR OFFICE EMPLOYERS - Downtown Boston hosts major employers like State Street, Fidelity, and Liberty Mutual, alongside numerous legal, financial, and tech firms that drive one of New England’s largest daytime populations.
DENSE URBAN DEMOGRAPHICS WITH EXCEPTIONAL PURCHASING POWER - The property serves approximately 411,400 residents within three miles and nearly 941,000 residents within five miles, supported by average household incomes exceeding $146,000 within the five-mile trade area.
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