Skip to main content

Bank

Santander Bank | Ground Lease | Reading, MA

228 Main Street, Reading, MA 01867

Listing Price: $3,100,000

Cap Rate
5.90%
Tenant Name
Santander Bank
Years Remaining On Lease
4.8
Guarantor
Corporate Guarantee
Rentable SF
2,176
Lease Type
Ground Lease
Rent Per Square Feet
$83.87

Investment Overview

- 15% Rent Increases in Options - Healthy Deposit Base – Deposits Exceed $60M - Two, 10-Year Options

Investment Highlights

  • Corporate Guarantee with Santander Bank, N.A. – S&P Rating: A-
  • 2,176 SF Building with Drive Thru
  • Rare Absolute NNN Ground Lease Offering in Reading, MA

Exclusively Listed By

Broker of Record

  • John Horowitz

    First Vice President / District Manager

    (718) 475-4300

    License(s) MA: 1000303

    Massachusetts

Bank

Santander Bank | Ground Lease | Reading, MA

Listing Price: $3,100,000

Cap Rate
5.90%
Tenant Name
Santander Bank
Years Remaining On Lease
4.8
Guarantor
Corporate Guarantee
Rentable SF
2,176
Lease Type
Ground Lease
Rent Per Square Feet
$83.87

Investment Highlights

  • Corporate Guarantee with Santander Bank, N.A. – S&P Rating: A-
  • 2,176 SF Building with Drive Thru
  • Rare Absolute NNN Ground Lease Offering in Reading, MA

Investment Overview

- 15% Rent Increases in Options - Healthy Deposit Base – Deposits Exceed $60M - Two, 10-Year Options

Exclusively Listed By

Broker of Record

  • John Horowitz

    First Vice President / District Manager

    (718) 475-4300

    License(s): MA: 1000303

    Massachusetts

MM Texture Background
MM Textured Background Lower