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7 Depot Square, lexington

Lexington Liquors Leases Retail Space At 7 Depot Square In Lexington
LEASEDRetail

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

David Maker

Broker

$3M

vol

7 deals

Broker
LL
Lexington LiqoursTenant

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