Turn-Key Restaurant with
For Sale
$1,050,000
160 Pulaski Boulevard, Bellingham, MA 02019
Freestanding restaurant facility with outdoor patio seating and parking for approximately 38 vehicles.
Property Size2,800 SF
Lot Size0.43 Acres
Price / SF$375
Days on Market53
Property Features for 160 Pulaski Boulevard
General Information
Standard status
Active
Size
2,800 SF
Total Parking Spaces
38
Lot size
0.43 Acres
Property subtype
Retail
Site & Location
Traffic Count
18,000 vehicles/day
Fenced Yard
Yes
Additional Details
Business Included
Yes
Building Details
Building Size
2,800 SF
Year Built
1965
Listing Agency:
MG Commercial
(401) 465-9224
Listed By:
Dan Feiner · License #RI # RES.0029089
(401) 465-9224
Source:
Mgcommercial
Added: Jun 29
Changed: Aug 17
Last Checked: Aug 20 at 4:57AM
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 MG Commercial
Investment Insights
Based on property information with market context.
Freestanding turn-key restaurant facility totaling 2,800 SF on a 0.43-acre parcel. The property is offered as a former restaurant site and includes furniture, fixtures, and equipment (FF&E). On-site features include a fenced parking area and outdoor patio seating.
The restaurant is positioned on a highly traveled commercial corridor along Route 126, which supports visibility and signage opportunities. The offering is described as being close to national retailers and residential neighborhoods, and the parcel includes approximately 38 parking spaces.
This property is well suited for a restaurateur or operator looking to take over a prepared, operating-style space with established amenities. Because FF&E is included, a new concept can be launched with fewer buildout steps than a raw shell. On-site outdoor seating and dedicated, fenced parking can support a dine-in experience for both weekday and weekend customers. Taxes are listed as $3,728, and the parcel is identified as Map 98, Lot 37 (Parcel ID not further detailed in the remarks).
The restaurant is positioned on a highly traveled commercial corridor along Route 126, which supports visibility and signage opportunities. The offering is described as being close to national retailers and residential neighborhoods, and the parcel includes approximately 38 parking spaces.
This property is well suited for a restaurateur or operator looking to take over a prepared, operating-style space with established amenities. Because FF&E is included, a new concept can be launched with fewer buildout steps than a raw shell. On-site outdoor seating and dedicated, fenced parking can support a dine-in experience for both weekday and weekend customers. Taxes are listed as $3,728, and the parcel is identified as Map 98, Lot 37 (Parcel ID not further detailed in the remarks).
Key Highlights
- Free‑standing 2,800 SF restaurant facility on a 0.43‑acre parcel (Year built: 1965)
- Outdoor patio seating plus fenced parking area for approximately 38 vehicles
- Located on Route 126 commercial corridor with signage visibility; approx. 18,000 cars per day
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,544
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,030,880
$1.0M
Cap Rate 7%
$736,343
$736.3K
Cap Rate 9%
$572,711
$572.7K
Market Conditions
NOI Build-Up for 2,800 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$70.6K $25.20/SF
− Vacancy
−$1.8K −$0.66/SF
EGI
$68.7K $24.54/SF
− OpEx
−$17.2K −$6.14/SF
NOI
$51.5K $18.41/SF
Area
Norfolk County, MA
Vacancy
2.60%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,030,880
Cap Rate 7%
$736,343
Cap Rate 9%
$572,711
Alternative Uses
Best Use
Specialty Retail
$736.3K
$644.3K – $859.1K
NOI $51,544 @ 7.0% cap · market cap 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.66M
$1.45M – $1.93M
NOI $116,031 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18,000 VPD
Traffic count
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
381
Businesses Nearby
100k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Groceries 37%
Dining 12%
Home Improvements & Furnishings 4%
Stop & Shop
Groceries
36,692 visits/mo
0.3 miles
Cumberland Farms
Shops & Services
12,305 visits/mo
0.2 miles
Dollar Tree
Shops & Services
10,575 visits/mo
0.3 miles
Family Dollar
Shops & Services
8,161 visits/mo
0.4 miles
Dunkin' Donuts
Dining
6,700 visits/mo
0.3 miles
Demographics for 02019, MA
16,945
Population
6,555
Households
2.6
Avg Household Size
43
Median Age
40%
College-Educated
95%
High-School Grad
18.3 sq mi
ZIP Area
926
Density / Sq Mi
$120,966
Median Household Income
$61,453
Median Earnings
$1,788
Median Rent
$425,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding restaurant facility with outdoor patio seating and parking for approximately 38 vehicles.
Where is this conventional restaurant located?
The property is located at 160 Pulaski Boulevard Bellingham, MA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Free‑standing 2,800 SF restaurant facility on a 0.43‑acre parcel (Year built: 1965); Outdoor patio seating plus fenced parking area for approximately 38 vehicles; Located on Route 126 commercial corridor with signage visibility; approx. 18,000 cars per day
