This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.
This Retail Property is no longer advertised on LoopNet.com.

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

Property Type
Retail
Property Subtype
Fast Food
Building Size
3,188 SF
Building Class
C
Year Built/Renovated
1993/2016
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.00 AC
Parking
49 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
162 FT on Southbridge St

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.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
AUBU-000061-000000-000069
Land Assessment
$336,400
Improvements Assessment
$609,900
Total Assessment
$946,300
  • Listing ID: 19140787

  • Date on Market: 4/7/2020

  • Last Updated:

  • Address: 688 Southbridge St, Auburn, MA 01501

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}