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
Lexington Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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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