211 Middlesex Turnpike, Burlington, MA 01803
One-story restaurant building with separate front restaurant/bar and rear catering use under two NNN leases.
- Added:
- Jun 10, 2025
- Days on Market:
- 368
- Last Refresh:
- Jun 12 at 1:39 am
Property Features for 211 Middlesex Turnpike
General Information
- Standard status
- Active
- Size
- 11,013 SF
- Lot size
- 0.62 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1960
Listing agent Rebecca Huang (781) 797-4028
Listing office William Raveis R.E. & Home Services
Listing date Jun 10, 2025
Source Thepropernest
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
HighLights
- One‑story retail/flex building with 11,013± SF gross building area on a 27,007± SF lot
- Built in 1960
- Front portion operates as a restaurant/bar; rear portion is occupied by a catering company
- Two NNN lease agreements in place
- Combined rent income totals $21,800+/− per month (Unit 1: $8,300; Unit 2: $15,195)
Overview
The seller’s remarks place the property in the Burlington/Woburn submarket of the Boston-Cambridge-Newton CBSA. The site is described as having competitive lot size and development potential, and the property is offered with two NNN lease agreements in place.
For prospective buyers, this arrangement offers a consolidated purchase of a restaurant/bar space and a catering operation within the same one-story building, each covered by its own NNN lease. The reported monthly rent is $8,300 for unit 1 and $15,195 for unit 2, providing clear, segregated tenancy at the property level.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $297.4k | $27.00 |
| − Vacancy | −$22.3k | −$2.03 |
| EGI | $275.0k | $24.98 |
| − OpEx | −$68.8k | −$6.24 |
| NOI | $206.3k | $18.73 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Burlington
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.2260673
- Latitude
- 42.4963478
