1002 Beacon St
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1002 Beacon St
9,336 SF 100% Leased Retail Building Brookline, MA 02446 $9,352,560 CAD ($1,002 CAD/SF) 4.09% Cap Rate
Investment Highlights
- Prime Investment opportunity on Corner Lot!
Executive Summary
Mixed-use building (a restaurant and an apartment) in bustling Brookline. The coveted retail segment is under lease with a very successful national multi-locations operator. Restaurant recent $2 million-plus buildout. All equipment and installed furniture as well as 1am Brookline full liquor license stays with property at end of lease. Some of equipment including walk-in fridge and freezer, elevator to basement for deliveries, and fully built out patio area (another 600 sf. not included in calculations). Restaurant signed a 5 year NNN lease in October of 2022. Spacious 3BR/1.5BA condo has an entertainment-size living/dining room bathed in natural light from the sliding glass doors leading to a fabulous, private walk-out roof patio over 1000 sf. Italian-designed kitchen with custom built-in cabinets, wide countertops with breakfast bar and highend appliances. The king-sized master bedroom includes double closets and en suite half bath. In-unit laundry. Steps to MBTA Greenline (B,C,D) Stops, BU, Coolidge Corner, Fenway/Kenmore, Longwood Medical & More!
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
9,336 SF
Building Class
C
Year Built
1940
Price
$9,352,560 CAD
Price Per SF
$1,002 CAD
Cap Rate
4.09%
NOI
$382,541 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.00
Land Acres
0.11 AC
Zoning
L10 - low-density residential development
Frontage
44 ft on Beacon St
Amenities
- Bus Line
- Corner Lot
- Metro/Subway
- Restaurant
- Security System
- Air Conditioning
Walk Score ®
Walker's Paradise (94)
Transit Score ®
Excellent Transit (84)
Bike Score ®
Biker's Paradise (91)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | BROO-000001-000001 | Improvements Assessment | $4,605,732 CAD |
Land Assessment | $1,684,006 CAD | Total Assessment | $6,289,737 CAD |
PROPERTY TAXES
Parcel Number
BROO-000001-000001
Land Assessment
$1,684,006 CAD
Improvements Assessment
$4,605,732 CAD
Total Assessment
$6,289,737 CAD
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1002 Beacon St
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