Restaurant Building with NNN
For Sale
$3,400,000
211 Middlesex Turnpike, Burlington, MA 01803
One-story restaurant and flex property leased to separate restaurant-bar and catering operations under NNN agreements.
Property Size11,013 SF
Lot Size0.62 Acres
Price / SF$308.73
Days on Market18
Property Features for 211 Middlesex Turnpike
General Information
Standard status
Active
Size
11,013 SF
Lot size
0.62 Acres
Property subtype
Commercial
Additional Details
Gross Income
$261,600
Taxes and HOA fees
Annual Taxes
$57,389
Building Details
Year Built
1960
Buildings
1
Stories
1
Building Size
11,013 SF
Tenancy
Multi
Listing Agency:
William Raveis R.E. & Home Services
Listed By:
Rebecca Huang
(617) 479-6666
Source:
Classifiedrealtygroup
Added: Sep 18
Changed: Sep 30
Last Checked: Oct 4 at 7:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of William Raveis R.E. & Home Services
Investment Insights
Based on property information with market context.
This one-story retail/flex building contains approximately 11,013 square feet within a 27,007-square-foot lot. Constructed in 1960, the property is arranged for two separate operating entities: a restaurant and bar occupy the front portion, while a catering company uses the rear area. The configuration is supported by two NNN lease agreements.
The property is located at 211 Middlesex Tpke in Burlington, Massachusetts, within the Burlington/Woburn submarket of the Boston–Cambridge–Newton CBSA. Walk Score is 13 and Bike Score is 16, reflecting a car-dependent setting with limited bike accessibility.
The property is located at 211 Middlesex Tpke in Burlington, Massachusetts, within the Burlington/Woburn submarket of the Boston–Cambridge–Newton CBSA. Walk Score is 13 and Bike Score is 16, reflecting a car-dependent setting with limited bike accessibility.
Key Highlights
- 11,013± square feet of gross building area on a 27,007± square foot lot
- One‑story retail/flex building constructed in 1960
- Front portion operates as a restaurant/bar; rear portion is occupied by a catering company
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$206,287
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,125,740
$4.1M
Cap Rate 7%
$2,946,957
$2.9M
Cap Rate 9%
$2,292,078
$2.3M
Market Conditions
NOI Build-Up for 11,013 SF
Gross rent
$297.4K $27.00/SF
− Vacancy
−$22.3K −$2.03/SF
EGI
$275.0K $24.98/SF
− OpEx
−$68.8K −$6.24/SF
NOI
$206.3K $18.73/SF
Area
Middlesex County, MA
Vacancy
7.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,125,740
Cap Rate 7%
$2,946,957
Cap Rate 9%
$2,292,078
Alternative Uses
Best Use
Specialty Retail
$2.95M
$2.58M – $3.44M
NOI $206,287 @ 7.0% cap · market cap 6.07%
Second Best
Industrial
$1.67M
$1.46M – $1.95M
NOI $117,144 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$6.52M
$5.70M – $7.61M
NOI $456,376 @ 7.0% cap · market cap 13.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
501
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01803, MA
26,074
Population
10,468
Households
2.5
Avg Household Size
42
Median Age
58%
College-Educated
96%
High-School Grad
11.3 sq mi
ZIP Area
2,307
Density / Sq Mi
$142,421
Median Household Income
$75,829
Median Earnings
$2,615
Median Rent
$679,400
Median Home Value
Check the figures for this property
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Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - One-story restaurant and flex property leased to separate restaurant-bar and catering operations under NNN agreements.
Where is this conventional restaurant located?
The property is located at 211 Middlesex Turnpike Burlington, MA.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: 11,013± square feet of gross building area on a 27,007± square foot lot; One‑story retail/flex building constructed in 1960; Front portion operates as a restaurant/bar; rear portion is occupied by a catering company
