Lexington Liquors Leases Retail Space At 7 Depot Square In Lexington
7 Depot Square, lexington
$232,440
$232,440/SF
Building Size
1,644 SF
Asset Type
Retail
Closing
Nov 1, 2022
AI
A retail property located at 7 Depot Square in Lexington, MA has been leased. The property is leased by Lexington Liqours, a boutique liquor shop known for its extensive collection of fine wine, bourbon, whiskey, sake, scotch, and craft brews. The retail space is approximately 1,644 square feet and was leased for an asking rent of $232,440 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Leased
- Address: 7 Depot Square, Lexington, MA
- Tenant: Lexington Liqours
- Asking Rent: $232,440/ft.
- Square Footage: 1,644
- Broker: David Maker - Maker Capital
David Maker from Maker Capital represented Lexington Liqours in this lease transaction. Lexington Liqours is a boutique liquor shop with a diverse selection of spirits, including a curated collection of local and hard-to-find craft brews. The location of the shop in the heart of Lexington's Depot Square makes it an ideal spot for customers to discover and purchase their favorite liquors.
Players
Englewood 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