INVESTMENT HIGHLIGHTS
LONG TERM LEASE: 110 Grill has been at the Property since its construction in 2017. 110 Grill completed a sale-leaseback and signed a new long term triple net lease with four (4), 5-year renewal options.
ATTRACTIVE RENT INCREASES: The lease calls for attractive 1% annual rent increases for years 3 through 5, and 1.5% annual increases for the remainder of the lease term and throughout the renewal options providing the investor with an attractive increase in revenue and a hedge against inflation.
STRATEGIC RETAIL LOCATION: The property enjoys outstanding visibility and frontage along Forbes Road and also has visibility from Interstate 93 (more than 236,000 vehicles per day) . The Property is adjacent to a Residence Inn by Marriott and is strategically positioned seconds from the South Shore Plaza, one of the largest enclosed shopping centers in the northeast and is part of a large retail corridor. The Property is surrounded by national and local retailers, hotels, and shopping centers, all of which drive traffic to the immediate area. In addition, there are several apartment complexes and hotels within a mile of the property including Residence Inn, Hampton Inn, and Hyatt Place.
