397B West Broadway, South BostonBoston, MA 02127Price: $1,695,213

The Property consists of a 1,788 square foot retail condominium, occupying a portion of the ground floor of Mariner’s Condominiums. The unit is leased to J.P. Licks, who has been at the location since 2018, has 11+ years remaining on their Double Net (NN) Lease with two (2), 5-year options. J.P. Licks also has access to 1,387 square feet in the basement. The lease provides for attractive 2% annual increases throughout the primary lease term. Mariner’s Condominiums is a four-story mixed-use building that was redeveloped in 2018 and features three (3) retail condominium units on the ground floor and nine (9) residential condominium units on the upper floors. J.P. Licks is situated in an exceptional urban location in South Boston, with excellent access to Seaport, Downtown Boston, Boston Harbor, South Station local and regional transportation, and Boston’s Logan Airport. The Property is located in the D Street/West Broadway neighborhood of the Seaport District and has frontage along West Broadway, one of the area’s primary commercial and commuter corridors. The Property is convenient to Boston’s South Station and the Boston Convention and Exhibition Center and is a short walk to Summer Street and Seaport Boulevard, which offers an array of high-end office and residential developments, urban amenities, retailers, restaurants, and entertainment options.