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Off Market
1/4

13 N Main St
Bellingham, MA 02019


OVERVIEW

NNN Lease | Corporate Guaranteed | Rental Increases Each Option Period • The Lease is Corporate Guaranteed by Santander Bank (S&P: A-) • 20 Year Initial Lease | Recently Exercised Six Year Extension • Five 5 Year Options with a 10% Increase at Start of 1st Option and 5% Increases Every 5 Years Thereafter • Tenant Pays for Taxes, Insurance, CAM, Utilities and Contributes to Roof & Structure Replacement • Tenant has one Time Option to Replace the Roof; Landlord pays 60% of Replacement Cost and Tenant Pays 40% Central Location | Strong Demographics | National Retailers in Surrounding Market • Centrally located on North Main Street | Over 12,000 Vehicles Daily • 20+ Years Operating at This Location • 80,976 Residents in 5-mile Radius | $122,000 Average Household Income • Area Retailers Include Dairy Queen Grill & Chill, Subway, Honey Dew Donuts, Walgreens, Domino’s, Dunkin', Aroma Pizza & Grill

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Santander Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

2292

STORIES

1

YEAR BUILT

1971

SPRINKLERS

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PARKING SPACES

18

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

BELL-000045-000045