Klosed Properties | 572 Main Street, Wakefield, MA
Klosed Properties is a vertically integrated, family owned Commercial Real Estate company focused in the purchase and management of commercial properties in the New York metro area and selected markets in the US and around the world.
Klosed Properties, Steven Kashanian
, Commercial Properties, Retail condo NYC, 

New york city commercial real estate
, 202 Spring Street, New York, NY

46-52 Fulton Street, New York, NY
144 West 46th Street, New York, NY
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About This Project

Size: 18,000 SF

Anchor Tenants: McDonald’s & Walgreens

Description: Commercial property tenanted by Walgreens and McDonald’s with long term leases. The Walgreens ground lease is for a 60-year term that runs through June 2055. The McDonald’s lease is for a term of approximately 24 years that runs through September 2034. The Walgreens ground lease has rental increases at ten year intervals beginning July 1, 2015. McDonald’s has rental increases of 10% at five year intervals during the base term. The site enjoys excellent visibility from the heavily trafficked intersection Main Street and North Avenue. Both Walgreens and McDonald’s benefit from traffic generated by the other tenant.

572 Main Street, Wakefield, MA