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Bank

Santander Bank & Boston Pizza Co | Norwell, MA | Rare 15% Rent Increase Aug. 2022

69 Washington Steet, Norwell, MA 02061

Listing Price: $3,190,000

Cap Rate
6.10%
Tenant Name
Santander Bank
Years Remaining On Lease
6.1
Guarantor
Corporate Guarantee
Rentable SF
3,600
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$71.36

Investment Overview

- 6.50% CAP in August 2022 - RARE NNN Offering in Norwell, MA - Santander operating since 2006

Investment Highlights

  • RARE 15% INCREASE ON AUGUST 6, 2022 (6.50% CAP UPON INCREASE)
  • Corporate Guarantee with Santander Bank, N.A. – S&P Rating: A-
  • 15% rent increases with Santander Bank in Options

Exclusively Listed By

Broker of Record

  • John Horowitz

    First Vice President / District Manager

    (718) 475-4300

    License(s) MA: 1000303

    Massachusetts

Bank

Santander Bank & Boston Pizza Co | Norwell, MA | Rare 15% Rent Increase Aug. 2022

Listing Price: $3,190,000

Cap Rate
6.10%
Tenant Name
Santander Bank
Years Remaining On Lease
6.1
Guarantor
Corporate Guarantee
Rentable SF
3,600
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$71.36

Investment Highlights

  • RARE 15% INCREASE ON AUGUST 6, 2022 (6.50% CAP UPON INCREASE)
  • Corporate Guarantee with Santander Bank, N.A. – S&P Rating: A-
  • 15% rent increases with Santander Bank in Options

Investment Overview

- 6.50% CAP in August 2022 - RARE NNN Offering in Norwell, MA - Santander operating since 2006

Exclusively Listed By

Broker of Record

  • John Horowitz

    First Vice President / District Manager

    (718) 475-4300

    License(s): MA: 1000303

    Massachusetts

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