October 21, 2020 – Robert Horvath, Todd Tremblay and Aaron Huntley of Horvath & Tremblay have successfully completed the sale of Burger King in Saugus, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $3,200,000.
Burger King is located at 1431 Broadway (US Route 1) in Saugus, Massachusetts. The single tenant Burger King consists of 3,690 square feet on a 1.32-acre corner parcel of land. Burger King has just over 1-year remaining on their Absolute NNN Lease and has been operating at this location since 1975. This is a rare Corporate Burger King location (not franchised) that has enjoyed outstanding store sales for more than 45 years thanks to the phenomenal location along the southbound side of US Route 1. The Property benefits from outstanding signage, visibility, and access along Broadway (US Route 1) with average traffic counts of more than 100,000 vehicles per day. The Property is adjacent to the Square One Mall, and numerous national retailers driving traffic to the area. The location also offers phenomenal demographics; there are more than 446,293 people living within a 5-mile radius of the property with an average household income of $94,746.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.