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- LoopNet Team
13 N Main St
Bellingham, MA 02019
Santander Bank · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Drive Thru
ABOUT 13 N MAIN ST , BELLINGHAM, MA 02019
NNN Lease | Corporate Guaranteed | Rental Increases Each Option Period • The Lease is Corporate Guaranteed by Santander Bank (S&P: A-) • 20 Year Initial Lease | Recently Exercised Six Year Extension • Five 5 Year Options with a 10% Increase at Start of 1st Option and 5% Increases Every 5 Years Thereafter • Tenant Pays for Taxes, Insurance, CAM, Utilities and Contributes to Roof & Structure Replacement • Tenant has one Time Option to Replace the Roof; Landlord pays 60% of Replacement Cost and Tenant Pays 40% Central Location | Strong Demographics | National Retailers in Surrounding Market • Centrally located on North Main Street | Over 12,000 Vehicles Daily • 20+ Years Operating at This Location • 80,976 Residents in 5-mile Radius | $122,000 Average Household Income • Area Retailers Include Dairy Queen Grill & Chill, Subway, Honey Dew Donuts, Walgreens, Domino’s, Dunkin', Aroma Pizza & Grill
PROPERTY TAXES
| Parcel Number | BELL-000045-000045 | Improvements Assessment | $167,800 |
| Land Assessment | $527,700 | Total Assessment | $695,500 |
PROPERTY TAXES
