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7 Depot Square,

Lexington Liquors Leases 1,644 SF Retail Space In Lexington's Depot Square
LEASEDRetail

Lexington Liquors Leases 1,644 SF Retail Space In Lexington's Depot Square

7 Depot Square,

$232,440

$232,440/SF

Building Size

1,644 SF

Asset Type

Retail

Closing

Jan 11, 2022

AI

Lexington Liqours, a boutique liquor shop, has recently secured a lease for a retail space located in the heart of Lexington's Depot Square. The property, situated at 7 Depot Square in Lexington, MA, offers a prime location for the liquor shop to operate its business. The lease transaction was facilitated by David Maker of Maker Capital, who represented Lexington Liqours in the negotiation process. The lease agreement was finalized on January 11, 2022.

Summary of transaction details

  • Property Type: Retail
  • Address: 7 Depot Square, Lexington, MA
  • Market: Lexington, MA
  • Tenant: Lexington Liqours
  • Broker: David Maker - Maker Capital
  • Asking Rent: $232,440 per square foot
  • Square Footage: 1,644

Lexington Liqours is renowned for its curated collection of fine wine, bourbon, whiskey, sake, scotch, and craft brews. The liquor shop caters to a wide range of customers, offering an extensive list of sophisticated beverages. With its strategic location in Depot Square, Lexington Liqours aims to serve both local residents and visitors to the area.

Maker Capital's Commercial team, led by David Maker, provided expert guidance throughout the lease negotiation process. Drawing on their market knowledge and experience, Maker Capital facilitated a successful transaction that met Lexington Liqours' needs. The team at Maker Capital specializes in site selection, lease negotiations, and assisting clients in fulfilling their real estate objectives. With a strong network of investors and a track record of understanding clients' requirements, Maker Capital is well-positioned to support businesses in the Boston area.

Players

David Maker

Broker

$3M

vol

7 deals

Broker
LL
Lexington LiqoursTenant

Lexington Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

68.25%

Cash-on-Cash

-19.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93