FOR SALE | Single Tenant Retail Condominium
Boston Realty Advisors is pleased to present a rare opportunity to acquire the JP Licks at 397 West Broadway, a NNN single tenant retail condominium with over 18 years remaining of lease term located in the vibrant South Boston neighborhood in Boston, Massachusetts. This single tenant JP Licks provides investors a newly renovated space with long-term stability in a high growth market.
The completely renovated condominium consists of 3,175 square feet of which 1,788 square feet is on the ground floor and 1,387 square feet is usable lower level space. JP Licks occupies 100% of the Unit JP Licks has been in operation since 1981 employing over 200 people at their 14 Massachusetts locations.
JP Licks at 397 West Broadway is also uniquely positioned for long-term upside from the continued development in the immediate vicinity and the Innovation District. In the surrounding blocks, West Broadway is undergoing a complete revitalization as over 263,000 square feet and close to 200 apartments have been recently completed or scheduled for construction. With over 8.9 million square feet of mixed-use development completed and 6.4 million square feet board approved or under construction, the renovation of South Boston and the Seaport is well underway. The rapidly expanding infrastructure combined with infusion of neighborhood amenities is attracting a strong residential and commercial base.