Golf Center & Restaurant | Leasehold 218 Speen St

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the leasehold interest in an investment property located at 218 Speen Street in Natick, Massachusetts (the “Property”). The Property is improved by two tenant’s KOHR Golf (Driving Range and Golf Center) and Ziti’s Italian Trattoria occupying 11,250 square feet on a large 32.10-acre parcel of land. The building and driving range were completely renovated in 2022, both KOHR Golf and Ziti’s Italian Trattoria have recently extended their leases demonstrating their commitment to the site and the market. KOHR Golf has 8+ years remaining on their lease with four (4), 5-Year renewal options. Ziti’s Italian Trattoria has 9+ years remaining on their lease with two (2), 5-year renewal options. The Leasehold Property has a long-term ground lease in place that expires in 2028 and has five (5), 5-year renewal options (all with a fixed, flat rent). The Property is well located at the intersection of Fairway Circle and Speen Street, one of the area’s primary north south corridors. The Property benefits from outstanding visibility and frontage and is bordered by the Fairway Estates Condominiums on the west side. The Property sits just south of a dominant trade area centered around the junction of Speen Street, Worcester Street (MA Route 9), Cochituate Road, and Interstate 90 (the Massachusetts Turnpike), with the Natick Mall and big-box anchored shopping centers with national retailers and restaurants drawing significant traffic to the area. The Property is also surrounded by densely populated residential neighborhoods providing a built-in customer base.