Golf Course
218 Speen Street Leasehold
218 Speen St, Natick, MA 01760
Listing Price: $3,250,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire the leasehold interest in 218 Speen Street, a +/- 35-acre recreational facility located in Natick, MA. The property underwent a significant renovation, at the tenant's expense, in 2021. Available for immediate sale is a master lease interest with thirty-one years remaining. The property is subleased to Kohr Golf and Ziti’s, an Italian restaurant. Both tenants have long occupancy histories and have recently signed lease renewals. This leasehold is ideal for an investor looking for passive income from long-term, reliable tenants. This investment qualifies for a 1031 exchange.
218 Speen Street Leasehold
Investment Highlights
- Leasehold Interest in 35 Acres with Two Long Term Sub-Leases, Sub-Tenants Show Commitment Through Term and Capital Committed
- Extremely High Barrier To Entry Golf Training Facility in an Affluent Area
- Golf is Expanding with Younger and Female Player Engagement Growing Significantly Post Covid
Exclusively Listed By
Financing By
Investment Highlights
- Leasehold Interest in 35 Acres with Two Long Term Sub-Leases, Sub-Tenants Show Commitment Through Term and Capital Committed
- Extremely High Barrier To Entry Golf Training Facility in an Affluent Area
- Golf is Expanding with Younger and Female Player Engagement Growing Significantly Post Covid
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire the leasehold interest in 218 Speen Street, a +/- 35-acre recreational facility located in Natick, MA. The property underwent a significant renovation, at the tenant's expense, in 2021. Available for immediate sale is a master lease interest with thirty-one years remaining. The property is subleased to Kohr Golf and Ziti’s, an Italian restaurant. Both tenants have long occupancy histories and have recently signed lease renewals. This leasehold is ideal for an investor looking for passive income from long-term, reliable tenants. This investment qualifies for a 1031 exchange.
Exclusively Listed By
Financing By
