Boston’s – Ground Lease

Price: $1,610,000
Sq. Ft.: 7,067
Cap Rate: 5.50%
Built: 2006

The subject property is a 7,067-square foot single tenant Boston’s restaurant and sports bar in Fort Worth, Texas. The absolute triple-net, ground lease has zero landlord responsibilities and has a franchisee guarantee. There are 11 years remaining on the term with two, five-year options for renewal. The lease has 10 percent rent bumps scheduled every five years, including during the option periods. The building was constructed in 2006 and sits on 1.5 acres.