11 Research Place, North Chelmsford, MA 01863
Commercial property for sale
11 Research Place, North Chelmsford, MA 01863
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- Description
- - Single tenant absolute NNN investment opportunity - Knowledge Universe is nearing the end of its initial 15 year lease term, October 31, 2014 - The absolute NNN rent is $280,058 per year through expiration with four five year renewal options - There is an 11.5% increase in rent at the beginning of each five year option period - Tenant recently requested to replace the roof at an estimated cost of over $40,000 - Tenant is the largest private early childhood education provider in the United States - Property is located just off the Drum Hill Circle interchange at Route 3 and directly across from Lowell General Hospital
- Property Details
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Property Type: Retail Use Types: Day Care Facility Status: Available Price: $ 285 +/SF MSA: Boston-Cambridge-Quincy Buildings: 1 Tenancy: Single Tenant Terms: Cash to Seller Added: 08/10/2012 Last Update: 01/08/2013 - Contact info
- (603) 626-1964 EXT.11 [Office]
- Note
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