This property is a single-tenant island retail gem in the heart of downtown Nantucket. This premier property has been home to The Proprietors Bar & Table since 2013, which was founded by Michael and Orla Lascola. Not only is Michael a James Beard Award Nominee for Best Chef in America 2009 and 2010, he is one of the longest standing chefs on Nantucket, having founded American Seasons in 1988. The restaurant is under the terms of a triple-net basis through December of 2022, with one, ten-year option to renew at fair market value. 9 India Street is 100% occupied retail asset and lends itself well to all of the qualities and attributes of a core infill asset: quality, stability, financial growth, accessibility, and area amenities.
Measuring only 48 square miles of land area, Nantucket’s downtown is highly accessible with an active social scene. With more than 80 miles of spectacular beaches and endless cultural activities, Nantucket will forever be a preeminent destination.
Note: This investment opportunity ONLY includes the real estate and corresponding lease obligations of Proprietors Bar & Table. Proprietors Bar & Table is NOT closing, and we wish them continued success well into the future.
Listed By: Nantucket Realty Advisors