Freestanding Restaurant Investment
44 Broadway Saugus, MA 01906
44 Broadway, Saugus, MA, 01906
$3,999,000
For Sale
$3,999,000
Single-tenant freestanding restaurant on a heavily traveled Route 1 corridor with a large parking lot.
Property Size9,528 SF
Price / SF$419.71
Days on Market53
Property Features for 44 Broadway
General Information
- Standard status
- Active
- Size
- 9,528 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1965
Listing agency
V & E Realty
Listed by
Derek Wong
(617) 236-0711
Source
Campionre
Added: May 30 Updated: Jul 21 at 11:54AM Checked: Jul 21 at 11:54AM
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 V & E Realty
Investment Insights
Based on property information with market context.
This freestanding commercial building is currently operated as a single-tenant restaurant and described as well-maintained. The property includes a large parking lot designed to support convenient customer parking. The lease is described as a Modified NNN structure with the landlord responsible for building insurance.
The offering is positioned on highly traveled Route 1 in Saugus, with the public remarks estimating approximately 100,000–110,000 vehicles passing the location daily, which contributes to prominent retail exposure.
The seller notes that a successful restaurant has operated at this location for years, and requests that prospective parties not contact employees or management or interfere with business operations.
The offering is positioned on highly traveled Route 1 in Saugus, with the public remarks estimating approximately 100,000–110,000 vehicles passing the location daily, which contributes to prominent retail exposure.
The seller notes that a successful restaurant has operated at this location for years, and requests that prospective parties not contact employees or management or interfere with business operations.
Key Highlights
- Freestanding single‑tenant commercial property built in 1965 on a heavily traveled Route 1 corridor in Saugus
- Modified NNN lease structure with landlord responsible for building insurance
- Large on‑site parking lot provides ample customer parking
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 | $240.1k | $25.20 |
| − Vacancy | −$5.3k | −$0.55 |
| EGI | $234.8k | $24.65 |
| − OpEx | −$58.7k | −$6.16 |
| NOI | $176.1k | $18.48 |
9,528 SF · lease $25.20/SF/yr · vacancy 2.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.52M
$2.20M – $2.94M
NOI $176,117 @ 7.0% cap · market cap 4.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.64M
$4.94M – $6.58M
NOI $394,838 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - Single-tenant freestanding restaurant on a heavily traveled Route 1 corridor with a large parking lot.
Where is this nnn property located?
The property is located at 44 Broadway Saugus, MA.
What is the asking price?
The asking price for this property is $3,999,000.
What are key features of this property?
This property features: Freestanding single‑tenant commercial property built in 1965 on a heavily traveled Route 1 corridor in Saugus; Modified NNN lease structure with landlord responsible for building insurance; Large on‑site parking lot provides ample customer parking
