guitar center - loopnetimages3.loopnet.com/d2/6c66yretgvaq-rwru3ogrnfbclvdoqkmf9jc… · boston...
TRANSCRIPT
GUITAR CENTER
• SINGLE TENANT NNN LEASE
• NATIONAL TENANTS
• UNMATCHED LOCATION
• TEN YEAR TERM WITH ANNUAL RENT INCREASES
FOR SALE
■ THE MARKETPLACE AT BRAINTREE, MA ■
Boston Realty Advisors has been exclusively retained to solicit offers for the sale of the Guitar Center in Braintree, Massachusetts. This asset provides investors with the opportunity to acquire a +/- 27,500
square foot net-lease retail property located on a freestanding outparcel at the entrance of the
dominant and highly-visible 351,282 square foot Marketplace at Braintree. The asset is 100% leased to
national stronghold Guitar Center on a triple-net basis. Guitar Center subleases 11,260 square feet to
Five Below (NASDAQ: FIVE).
The Marketplace at Braintree is strategically situated immediately off exit 17 on Route 3, just south
of the I-93 interchange. The property maintains great accessibility from all directions of travel. In
addition, the property also enjoys excellent visibility from Route 3 and maintains amble parking
facilities (1,726 spaces) to accommodate the market’s heavy retail driven traffic volumes: over 130,000
vehicles per day on average. Proof of the centers strength, the Marketplace at Braintree recently lured
both Nordstrom Rack and Saks Off 5th to open. Other national strongholds at the center include:
PetSmart, Ulta Beauty, Bed Bath & Beyond, Babies “R” Us, Staples, GameStop, and Best Buy.
Guitar Center is master leased to Guitar Center Inc. through July 2027. Guitar Center subleases
11,260 square feet to Five Below on a direct basis until August 2022. Guitar Center is the largest
chain of musical instrument retailers in the world with 281 locations and boasts revenue in excess
of $2.2 billion. Guitar Center’s success is poised to continue due to their leading niche market
position as the musical instrument brand leader offering shoppers a hands-on retail experience.
NET LEASE- Master leased to Guitar Center Inc. through 2027- NNN with 2% annual increases- 100% occupied by two national retailers
EXECUTIVE SUMMARY
KEY INVESTMENT DRIVERS
1
Estimated Population 94,380 231,169 927,391
Estimated Households 37,720 93,755 359,627
Est. Avg. Household Income $90,647 $92,897 $90,752
2016 Demographics 3 Mile 5 Mile 10 Mile
2 DESTINATION RETAIL MARKET- 7 miles south of Boston- 11 national tenants in Marketplace- 12,500 vehicles per day on Grossman Drive
3 POSITIONED TO SUCCEED- $107,325 AHI within 1 mile- Population of 231,169 within 5 miles- Accessible from all directions via Route 3 and I-93 4 SUPERIOR VISIBILITY
- Situated immediately off exit 17 on Route 3- Visibility from over 130,000 vehicles per day- Located at the entrance of Marketplace at Braintree
5 REDLINE & COMMUTER RAIL CONNECTION- Less than 0.5 miles from Braintree Station- Redline is high growth corridor- Transit oriented plaza with ample parking
Route 3 (130,000 ADT)3
I-93 to Boston - 4 Miles
93Braintree Split
Exit 17
Braintree T Station Red Line, Commuter Rail
Cape FlyerUnion Street (43,490 ADT)
125,000 SF Class A Office
1.5MM SF - 190 STORES 10 RESTAURANTS
MARKETPLACE AT BRAINTREE
MICHAEL A. D’HEMECOURT Managing Director & Senior Partner 617.850.9670 [email protected]
WHITNEY GALLIVAN Managing Director & Partner 617.850.9612 [email protected]
ALEC TARBERRY Director 617.850.9663 [email protected]
SHARAYA JOHNSON Associate 617.850.9627 [email protected]
JASON S. WEISSMAN Founder & Senior Partner 617.850.9608 [email protected]
CHRISTOPHER J. DONATO Associate Director 617.850.9618 [email protected]
NICHOLAS M. HERZ Managing Director & Partner 617.850.9624 [email protected]
745 Boylston Street | Boston, MA 02116 | (T) 617.375.7900 | (F) 617.536.9566 | BRAdvisors.com
© Copyright Boston Realty Advisors. All rights reserved. The information contained here has been obtained through sources deemed reliable but cannot be guaranteed as to its accuracy. Any information of special interest should be obtained through independent verification.
SITE PLAN
GROSSMAN DR
Pond
Pond
Monatiquot River
UNION ST
UNION ST
SOUTHEAST EXPRESSWAY - ROUTE 3
Available
Braintree T Station Red Line, Commuter Rail
Cape Flyer
125,000 SF Class A Office
Route 3 – 130,000 ADT
Union Street – 43,490 ADT