214 Huttleston Ave Fairhaven, MA 02719-1958

Property Details for 214 Huttleston Ave

Year built

2002

Construction

STEEL FRAME

Lot size

1.33 lot acres

Property size

6,185 SF

Zone code

RA

Property type

Turn key restaurants

APN

FAIR M:00030A L:00091 S:

APU

FAIRM00030AL00091S

Description

This exceptional investment opportunity presents a fee-simple ownership of a thriving Frontera Grill restaurant located at 214 Huttleston Ave, Fairhaven, MA, in Bristol County. The property boasts 6,185 square feet on a substantial 1.33-acre lot, providing ample parking (76 spaces). Built in 2002, the restaurant operates under a Net Net Net (NNN) lease with 8.9 years remaining until expiration (October 31, 2033), offering significant lease term stability. The current annual net operating income (NOI) is $150,049, representing a 6.67% cap rate based on the asking price of $2,250,000 ($363.78 per square foot). The lease includes attractive 3% annual rent increases, providing a strong hedge against inflation. This high-traffic location, situated at a main intersection, demonstrates exceptional performance, ranking in the 83rd percentile nationally for restaurant performance according to Placer.ai*. Minimal landlord responsibilities further enhance the investment appeal. This is a rare opportunity to acquire a well-established, high-performing restaurant with a long-term lease in a prime location. The property's size and location make it an ideal investment for discerning buyers seeking a stable, high-return asset.

Location Insight

City

Fairhaven

County

Bristol

State

Massachusetts

Longitude

-70.8805

Latitude

41.6414

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments