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- LoopNet Team
688 Southbridge St
Auburn, MA 01501
100% Absolute NNN Wendy's Drive-Thru · Retail Property For Sale
Investment Highlights
- 100% Absolute Triple Net Corporate Lease
- Uniquely Positioned in the Worcester, MA Market - Known as an Attractive, High-Income Hub for Biotech/Biopharma
- #2 Ranked System-Wide Sales for Fast-Food Hamburger Chain in America
- Recent 15-year Extension After 10 Years of Operating History
- Recent Image Activation by Tenant
- Nine Consecutive Years of System-Wide Same-Store Sales Growth in North America
PROPERTY FACTS
Amenities
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
- Drive Thru
About 688 Southbridge St , Auburn, MA 01501
Pegasus Investments Real Estate Advisory Inc., as exclusive sales advisor to Seller, is pleased to present the opportunity to acquire a single tenant 100% absolute triple net leased Wendy’s drive-thru in Worcester (Auburn), Massachusetts. This Wendy’s corporate site features recently extended 15-years of firm term after nearly ten years of successful operating history. The property is uniquely positioned in one of the Northeast’s most attractive markets, Worcester (Auburn), which has been experiencing an overwhelming amount of growth, both in its downtown and in its reputation as a biotech/biopharma hub. Worcester’s stock is rising rapidly, and investors seek to benefit from the growth which has been catalyzed by the new 46-acre master-planned biomanufacturing park known as The Reactory, which has already secured tenancy with WuXi Biologics's $60M facility. At completion, the park is expected to contain over 500,000 SF of GLA to cater to the over 60 existing local biotech companies as well as successful new startups. Investors further benefit from acquiring a property leased to one of the most successful QSR chains in the world. Wendy’s is the #2 ranked fast-food burger chain in the U.S. in terms of system-wide sales, according to QSR Magazine. Wendy’s has achieved nine (9) consecutive years of system-wide samestore sales growth and three straight years of global net expansion, offering investors the security of an amazingly successful operating history and established pillars for continued success.
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PROPERTY TAXES
Parcel Number | AUBU-000061-000000-000069 | Improvements Assessment | $609,900 |
Land Assessment | $336,400 | Total Assessment | $946,300 |
PROPERTY TAXES
Learn More About Investing in Retail Properties
Listing ID: 19140787
Date on Market: 4/7/2020
Last Updated:
Address: 688 Southbridge St, Auburn, MA 01501
The Retail Property at 688 Southbridge St, Auburn, MA 01501 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.