Asking Price
Area Size
NOI Net Operating Income
NIY

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2022
Building Area Gross
Land Area Gross ()
Occupancy 100.0 %

Asset Description

JLL Capital Markets is pleased to offer for sale a single-tenant, newly constructed Citizens Bank located in Arlington, Massachusetts. Citizens Bank has operated at the location for over 15 years and recently executed a new, 10-year NNN lease. The property is located on Massachusetts Ave, a major thoroughfare in the area, which sees traffic of approximately 30,000 vehicles per day. Arlington is a densely populated, affluent community, less than 6 miles from Cambridge and 10 miles from Downtown Boston. 


The Citizens Bank Pad is also being offered as part of the BDI Collection and can be acquired individually or with the Portfolio. Please visit the BDI Collection website for more information.

Investment Highlights

  • Newly-constructed, brand new building with an expected completion date of June 2022


  • Citizens has operated at this location for over 15 years


  • New, 10-year absolute NNN lease with zero landlord responsibilities


  • Enormous barriers to entry for new drive-thru bank locations in trade area


  • Institutional quality demographics with over 126,300 people and household incomes exceeding $185,000 within 3-miles.
Last Updated Date: 07 Apr 2022

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Last Updated Date: 07 Apr 2022

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