Monthly Archives: November 2016

CITIZENS BANK NNN LEASE OFFERING 147 MAIN STREET | GLOUCESTER, MA | ASKING PRICE $1,500,000 | CAP RATE: 5.5%

Sale Price $1,500,000
CAP Rate 5.5%

NOI $82,500 ($12.54/sf)

Building Size 6,579 square feet +/-

Land Size 0.57 acres

Lease Type NNN

Expenses None

Commencement August 1, 2010 (2nd option exercised &
commences August 1, 2017; original Rent
Commencement July 6, 2006)
Lease Expiration July 31, 2022
Lease Term Five (5) Years (+1 year remaining on 1st
option extension)
Options Two (2), Five (5) Years

Increases 2.5% Annually

• PRIME […]

By |November 17th, 2016|Uncategorized|0 Comments

CITIZENS BANK NNN LEASE OFFERING 581 FRANKLIN PIERCE HWY. | BARRINGTON, NH | ASKING PRICE $916,700 | CAP RATE: 5.0%

Sale Price $916,700

CAP Rate 5.0%

NOI $45,835 ($30.56/sf)

Building Size 1,500 square feet +/-

Land Size 1.49 acres

Lease Type NNN

Commencement October 1, 2016 (2nd & 3rd options
exercised; original Rent Commencement
August 1, 2006)

Lease Expiration September 30, 2026

Lease Term Ten (10) Years

Options One (1), Five (5) Years

Increases 2.5% Annually

617-239-3636

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