Starbucks | 203 Lowell St
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Starbucks 203 Lowell St
2,448 SF 100% Leased Retail Building Wilmington, MA 01887 $4,379,464 CAD ($1,789.00 CAD/SF) 6% Cap Rate
EXECUTIVE SUMMARY
Atlantic Capital Partners has been exclusively engaged to
solicit offers for the sale of Starbucks in Wilmington, MA.
The 2,448 SF single tenant building is newly constructed
and leased to Starbucks on a firm 10-year lease that runs
through 2035. The property features a modern prototype
with drive-thru and the lease features 10% rental increases
every 5-years, including its four (4) five (5) year options.
Situated at 203 Lowell Street, the property benefits from its
positioning at the signalized intersection of Lowell Street &
Woburn Street which sees over 30,000 VPD and captures
commuter traffic to I-93 from the trade area. The asset
draws from a strong, affluent consumer base, with roughly
60,000 people in the 3-mile trade area with average
household incomes of over $180,000. The property is
also surrounded by a variety of new construction, Class A
buildings that include: The Alice, a 90,000 SF (50-unit)
multi-family property, a new BTS 300,000 SF Class A
Warehouse/Distribution/Robotics facility bringing a large
employment base to the trade area, and a new medical
outpatient facility leased to one of the leading hospital
systems in Greater Boston.
solicit offers for the sale of Starbucks in Wilmington, MA.
The 2,448 SF single tenant building is newly constructed
and leased to Starbucks on a firm 10-year lease that runs
through 2035. The property features a modern prototype
with drive-thru and the lease features 10% rental increases
every 5-years, including its four (4) five (5) year options.
Situated at 203 Lowell Street, the property benefits from its
positioning at the signalized intersection of Lowell Street &
Woburn Street which sees over 30,000 VPD and captures
commuter traffic to I-93 from the trade area. The asset
draws from a strong, affluent consumer base, with roughly
60,000 people in the 3-mile trade area with average
household incomes of over $180,000. The property is
also surrounded by a variety of new construction, Class A
buildings that include: The Alice, a 90,000 SF (50-unit)
multi-family property, a new BTS 300,000 SF Class A
Warehouse/Distribution/Robotics facility bringing a large
employment base to the trade area, and a new medical
outpatient facility leased to one of the leading hospital
systems in Greater Boston.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,448 SF
Building Class
B
Year Built
2024
Price
$4,379,464 CAD
Price Per SF
$1,789.00 CAD
Cap Rate
6%
NOI
$262,768 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.01
Lot Size
4.64 AC
Frontage
AMENITIES
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | WILM-000048-000000-000000-000073 | Improvements Assessment | $71,385 CAD |
| Land Assessment | $2,337,288 CAD | Total Assessment | $2,408,673 CAD |
PROPERTY TAXES
Parcel Number
WILM-000048-000000-000000-000073
Land Assessment
$2,337,288 CAD
Improvements Assessment
$71,385 CAD
Total Assessment
$2,408,673 CAD
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Starbucks | 203 Lowell St
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