Tri Town Commercial Advisors Completes 20-Year Ground Lease for Mirasol’s Café in Fairhaven, MA
FAIRHAVEN, MA — February 2025 — Tri Town Commercial Advisors is pleased to announce the successful completion of a 20-year ground lease for Mirasol’s Café in Fairhaven, Massachusetts, supporting the popular South Coast coffee and sandwich destination’s continued expansion throughout Southeastern Massachusetts.
Tri Town Commercial Advisors represented Mirasol’s Café as the tenant in the transaction, securing a long-term location featuring a newly constructed, purpose-built commercial building.
The transaction highlights the brokerage’s experience in ground lease negotiations, commercial development, and representing established restaurant and retail operators seeking strategic expansion opportunities.
Supporting the Continued Expansion of Mirasol’s Café
Known throughout the South Coast for its signature CHiPPi iced coffee, creative menu, and distinctive brand identity, Mirasol’s Café has developed a loyal customer following across the region.
The opening of its Fairhaven location represents another milestone in the company’s growth, bringing its popular coffee, sandwiches, and specialty offerings to an additional South Coast community.
Unlike traditional retail leasing arrangements, the Fairhaven transaction involved a 20-year ground lease associated with a newly constructed building, providing Mirasol’s with a long-term location designed around its operational requirements and customer experience.
The new construction allowed the business to establish a modern commercial presence while maintaining the recognizable atmosphere and service that have contributed to its success.
A Strategic 20-Year Ground Lease Transaction
Ground leases can offer established businesses an alternative to purchasing commercial real estate or occupying existing retail space.
For expanding restaurant and retail operators, a long-term ground lease can provide greater control over a property’s development and configuration while establishing occupancy rights for an extended period.
These transactions often require consideration of development responsibilities, construction requirements, site improvements, lease economics, and long-term operating objectives.
Tri Town Commercial Advisors represented Mirasol’s Café throughout the transaction, helping secure a location aligned with the company’s expansion strategy.
The 20-year lease demonstrates the brokerage’s ability to assist growing businesses with commercial real estate transactions extending beyond conventional retail leasing.
Commercial Tenant Representation and Site Selection
“We are thrilled to help bring Mirasol’s to Fairhaven,” said Eric Szczepkowski, Partner and Executive Vice President at Tri Town Commercial Advisors. “This site gives them a strong, long-term presence in a high-traffic corridor, and the new construction allows the brand to design a location perfectly suited to their unique customer experience.”
The transaction reflects the importance of identifying commercial locations that support both immediate operational needs and long-term business objectives.
For restaurant operators pursuing expansion, selecting the right property can involve evaluating traffic patterns, visibility, accessibility, development feasibility, and the economics of a long-term lease.
Tri Town Commercial Advisors works with businesses throughout Massachusetts, Rhode Island, and surrounding New England markets to identify suitable commercial properties, negotiate lease agreements, and facilitate acquisitions and development opportunities.
Commercial Real Estate Development and Leasing in Southeastern Massachusetts
The Mirasol’s Café transaction adds to Tri Town Commercial Advisors’ portfolio of commercial real estate assignments involving restaurant operators, national and regional retailers, and other growing businesses.
The brokerage provides comprehensive commercial real estate services, including property sales, tenant representation, landlord representation, ground leases, investment transactions, and development site acquisitions.
With experience across retail, office, industrial, hospitality, mixed-use, and investment properties, Tri Town Commercial Advisors assists property owners, developers, investors, and businesses with identifying opportunities and executing commercial real estate strategies.
Commercial Property Sales, Ground Leases, and Tenant Representation
Tri Town Commercial Advisors serves Fairhaven, New Bedford, Dartmouth, Mattapoisett, Wareham, and surrounding Southeastern Massachusetts communities.
Whether representing a growing business seeking a new location, assisting a developer with a commercial ground lease, or advising a property owner considering a sale or development opportunity, the brokerage provides market knowledge and transaction experience tailored to each assignment.
For more information about commercial property sales, ground leases, development opportunities, and tenant representation, contact Tri Town Commercial Advisors.