315 Hancock St - Bank FOR SALE


Quincy, MA 02171- Montclair
$6,380,000 USD
781-776-4003
315 Hancock St, Quincy, MA for Sale
$6,380,000 USD
Bank - FOR SALE
1/7
null | 5% Cap Rate

315 Hancock St
Quincy, MA 02171
Montclair


HIGHLIGHTS

  • Long-Term Lease
  • Attractive Rent Increases
  • Best-In-Class Credit Tenant
  • Ground Lease
  • Outstanding Location
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a new construction Chase Bank ground lease located at 315 Hancock Street in Quincy (Boston MSA), Massachusetts (the “Property”). The retail branch, constructed in 2021, consists of a 2,894 square foot building with a dedicated drive-up ATM on a corner parcel. Chase Bank has 10+ years remaining on its Absolute NNN Ground Lease with six (6), five-year renewal options and 10% rent increases every five years throughout the base term and option periods. Chase Bank is situated on a corner parcel at the North Quincy MBTA Station entrance at the signalized intersection of Hancock Street (MA Route 3A) and W Squantum Street. The location is part of an exceptional trade area centered around the North Quincy MBTA Station (with service on the Red Line), with numerous national tenants and retail centers drawing significant traffic to the area. Quincy is an affluent suburb of Boston approximately 5 miles south of the city center.

FOR SALE DETAILS

PRICE

$6,380,000 USD

PRICE/SF

$2,205 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chase Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,333 SF

ZONING

-

APN/PARCEL ID

QUIN-006038-000000-000017

ASK ABOUT THIS PROPERTY

Robert HorvathHorvath & TremblayMore Info
781-776-4003

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Robert HorvathHorvath & TremblayMore Info
781-776-4003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.