1441 Washington Street | Hanover, MA 02339
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- LoopNet Team
1441 Washington Street
Hanover, MA 02339
Chase Bank | Hanover, MA · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- BRAND NEW CONSTRUCTION CHASE BANK | Newly constructed single tenant Chase Bank with a 15-year ground lease in place.
- HANOVER CROSSING SHOPPING CENTER | Property is a pad site to Hanover Crossing, a neighborhood shopping center located along the main retail corridor.
- STRATEGIC LOCATION OFF ROUTE 3 – STRONG TRAFFIC COUNTS | Location off State Highway Route 3 (Pilgrims Hwy) - major link to Boston and Cape Cod
- CORPORATE GUARANTEE FROM INVESTMENT GRADE CREDIT | Corporately guaranteed by JPMorgan Chase Bank, N.A.; Largest U. S. commercial and consumer bank
- GROUND LEASE – ZERO LANDLORD RESPONSIBILITIES | Absolute Triple Net (NNN) Ground Lease, resulting in no Landlord management obligations
- AFFLUENT DEMOGRAPHICS | Subject property greatly benefits from the average household income within a 3-mile radius exceeding $205,460
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
3,500 SF
Building Class
C
Year Built
2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.99 AC
Zoning
C - State Use: BANK BUILDING
Land Use: FINANCIAL BUILDING
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