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Chase Bank 315 Hancock St 2,894 SF 100% Leased Retail Building Quincy, MA 02171 $8,803,060 CAD ($3,041.83 CAD/SF) 5% Cap Rate

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Investment Highlights

Long-Term Lease
Best-In-Class Credit Tenant
Outstanding Location

Attractive Rent Increases
Ground Lease
Strong Demographics

Executive Summary

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.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Bank

Building Size

2,894 SF

Building Class

Year Built

2021

Price

$8,803,060 CAD

Price Per SF

$3,041.83 CAD

Cap Rate

NOI

$440,153 CAD

Percent Leased

100%

Building Height

1 Story

Building FAR

0.19

Lot Size

0.35 AC

Major Tenants

Finance and Insurance
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Chase Bank est fière de fournir à des millions de personnes une vaste gamme de services financiers, notamment des services bancaires personnels, des cartes de crédit, des prêts hypothécaires, du financement automobile, des conseils en investissement, des prêts aux petites entreprises et le traitement des paiements. Chase est l'entreprise américaine de services bancaires aux consommateurs et aux entreprises de JPMorgan Chase & Co. (NYSE : JPM), une société mondiale de services financiers de premier plan dont les actifs et les opérations s'élèvent à des billions de dollars dans le monde entier.