141 Dorchester Ave South Boston, MA 02127-1826

Property Details for 141 Dorchester Ave

Lot size

0.04 lot acres

Property size

1,757 SF

Zone code

C

Property type

Individual retail properties

APN

SBOS W:06 P:00007 S:276

APU

SBOSW06P00007S276

Description

This 1,757 sq ft Boston retail condo, occupied by The Handle Bar, offers a compelling investment opportunity. The property boasts a 6.00% cap rate and a strong, long-term lease with a corporate guarantee, extending until July 31, 2032 (7.5 years remaining). The tenant, The Handle Bar, has demonstrated significant commitment, extending their lease twice since the initial 10-year agreement signed in April 2013. Located at a four-way signalized intersection on Dorchester Ave (141 Dorchester Ave, Boston, MA 02127), the property benefits from high visibility and significant daily traffic volume (approx. 20,200 and 14,300 vehicles on Dorchester Ave and W Fourth St, respectively, plus 133,200 vehicles daily from I-93). The current annual net operating income (NOI) is $98,392, with a 16% rent increase scheduled for April 1, 2027. The property is a modified triple-net (NNN) lease, meaning the tenant covers most operating expenses, making this a passive investment with the landlord only responsible for capital expenses exceeding the lease's lifespan. The asking price is $1,639,867, representing a price per square foot of $933.33. The building was constructed in 2013 and sits on a 1,757 sq ft lot. This is a single-tenant, 100% occupied rental condo.

Location Insight

City

South Boston

County

Suffolk

State

Massachusetts

Longitude

-71.0579

Latitude

42.3424

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments