00000 Lynnfield, MA 01000
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 0 00000
- Property type
- Commercial real estate
Description
This established restaurant in Lynnfield, MA, is offered for sale at $250,000. The business operates in a Class B building with a favorable gross lease, currently holding a single-tenant occupancy. The lease, commencing January 1, 2022, and expiring January 1, 2026, has a remaining term of four years with three five-year renewal options, each including a $150 rent increase. The property is zoned for retail use and includes ample parking for 100 vehicles. The restaurant boasts a full pour liquor license, a robust security system, and a loyal customer base. With a seating capacity of 50-60 guests, this turnkey operation presents significant growth potential. The tenant is credit-rated, providing financial stability. This exceptional opportunity is situated in a highly desirable North Shore location, offering immediate access to a strong customer base and significant upside for a new owner. The business is ready for a new owner to implement their vision and branding.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lynnfield
- County
- Essex
- State
- Massachusetts
- Longitude
- -71.0466
- Latitude
- 42.5387