12 Garden Street is within the recently zoned Route 114 Corridor Zone A District. The purpose of the Route 114 Corridor Zone A is to control and design commercial and industrial development along the Route 114 Corridor in such a manner that encourages sound site planning, enhances the physical appearance of the area, and enhances the economic health of a major commercial and industrial area of Danvers.
Absolute NNN ground lease terms: 40,395 SF of land X $2.23 PSF = $90,080.85 annual base rent ÷ 12 months = $7,506.74 monthly base rent