Welcome to Up for Grabs, which highlights properties for sale and lease, from turnkey restaurants to miscellaneous spaces zoned for restaurants to new developments seeking food & beverage tenants. Hit up the tipline if you know of other properties that should be featured.
[Photo: Cold Stone Creamery, Prudential/LoopNet]
The addresses: 94 Belvidere St., Boston, MA 02115 (The Prudential) and 61 Station Landing, Medford, MA 02155 (Station Landing)
The damage: $349,000 ($127.75 per square foot) for both "high volume" locations
Founded in 1988, Cold Stone Creamery has over 1,400 ice cream across the world — and now two of those can be yours. The "cold stone" refers to a literal cold slab of stone upon which the ice cream is mixed to order with a number of different candies and fruits. Two "high volume" locations are up for grabs as a package deal — one at the Prudential and one at Medford's Station Landing. Combined, they earned a gross income of $860,764 last year.
It's the businesses you'd be buying, not the physical space, so you'd also have to pay $6,908/month for the Boston space and $7,216/month for Medford, although the landlords are willing to renegotiate with the new owner. Both leases expire in 2016 with the option to renew.