Stephanie McGowan | Winchester Real Estate, Lexington Real Estate, Woburn Real Estate

81 Westford Rd, Tyngsborough, MA 01879  

Commercial
$3,800,000
Price
1
Buildings
Commercial
Type of Comm.
87,120.00
Lot Size
The Learning Experience, a brand new 10,000 square foot building with a 5,000 sq ft playground, located in Tyngsborough Massachusetts. This investment property is at the beginning of a long-term, full building lease and is an ideal 1031 exchange asset. The property sits on 1 acre of leased land. The land lease is at the beginning of a 41 year lease with a 40 year option and the building is in the 1st year of a 15 year lease with 2- 5 year options with 12% increases every 5 years. The Learning Experience started in 2003 and now has over 200 locations and has grown 210% over the past 5 years making it on the Forbes list of best franchises to buy, an Inc. top 500 fastest growing company and Entrepreneur magazines # 90 in the top 500.
Open House
No scheduled Open Houses
Highlights
Lot Size: 87,120.00
Acres: 2.00
List Price: $3,800,000
Type: Commercial
Type of Comm.: Commercial
Status: Active
Restrooms: 3
Stories: 1
Buildings: 1
Total Units: 1
Units: 1
Total Sq. Ft.: 10,000
Year Built: 2016
Approx. GLA: 10,000
Sub Dividable: N
MLS#: 72122269
 
 
Interior
Elevator: No
Exterior
Acres: 2.00
Handicap Access: Yes
Lot Size: 87,120.00
Parking Spaces: 50
Parking Features: Attached, Paved Driveway, On Site
Railroad Siding: No
Roof Material: Membrane, Combination, Shingle
Site Condition: Level, Improved
Sprinklers: Yes
Location: Free Standing, Public Transportation
Utilities: Public Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
21E On File: Yes
Assessed Building Value: $897,700
Condo Assoc.: No
Assessed Land Value: $314,600
Exchange: No
Gross Annual Expenses: $36,000
Gross Annual Income: $279,000
Taxes: $21,288
Tax Year: 2016
Net Operating Income: $239,000
Book/Page: 10974/76
Lease Price Includes: Building
Sublet: No
Special Financing: No
Total Assesed Value: $1,212,300
Zone Description: Legal Conforming
Features
Retail Sq. Ft.: 10,000
Retail Units: 1
 
Additional
Disclosure Declaration: No
Disclosure: Qualifies for 1031 Exchange. 41 yr ground lease with 40 yr option
For Lease: No
Lease Type: Ground Lease, Net Lease
Space Available: For Sale
Map
Area Sales
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Community Information
Community Information
The listing office is Waterfield Sotheby's International Realty and the listing agent is The Leva Group. The property listing data and information, or the images, 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, and the images, 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 it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 6/25/2017 10:00:00 PM.
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