Listing # 72847896

Description

PRICE IMPROVEMENT! LONG TERM TENANT IN PLACE! $20,000/mo NNN! $240,000/year. Set it and forget it! 390 Arsenal, situated on the Watertown Greenway, in one of the fastest growing neighborhoods just outside of Boston. Located in the "Regional Mixed Use District" 390 Arsenal features 1/2 acre parcel steps to Arsenal Yards, which features over 20 retail, restaurant + shopping destinations as well as 200,000+ sq ft of office + life science space. 390 Arsenal is home to a fully licensed recreational Cannabis Dispensary that is redeveloping the property to fit its needs. 10 year lease with two 5 year options. 2% annual rent increases. Densely populated neighborhood that boasts 23,000+ in daily traffic. Inquire for additional details. Active construction site, do not approach.

Property Details
For Sale

$3,995,000

  • County: Middlesex
  • Sq. Ft:
Lease Price Includes
  • Building
  • Land
Location
  • Urban
  • Shopping Mall
  • Office Park
  • Free Standing
  • Highway Access
  • Public Transportation
  • Central Business District
Site Condition
  • Dry
  • Level
  • Open
Utilities
  • Public Water
  • Public Sewer
Zone Description
  • Legal Conforming
  • Other (See Remarks)
Additional Information
  • Ci Type: Commercial
  • Condo Association: No
  • Exchange: No
  • Lease: Yes
  • Lease Type: Triple Net Lease (NNN)
  • On File 21e: Yes
  • Parking Feature: Open
  • Plat Plan: Yes
  • Space Available: For Sale
  • Sublet: No

Location

Seller's Representative:
Elevated Boston Team
Elevated Realty, LLC

© 2021 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at September 26th, 2021 10:43:27 AM EDT