MLS Number 72260039
229A Kelton Street is a single tenant NNN laundromat for sale in the Allston neighborhood of Boston. A laundromat has been in continual operation since 1984 as a pre-existing use. The grandfathered-in opportunity provides user-buyers a long track record of success and investors an insulated business use in a high barrier to entry market. Kelton Street Laundry recently signed a new seven year lease which investors can take advantage of a 21% rent increase in March of 2018 and 2% annual increases thereafter. This opportunity also provides user-buyers an excellent source of steady cash flow prior to taking over the space to implement their business plan.
Listed by Michael d'Hemecourt of Boston Realty Advisors