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149 Main St
North Andover, MA 01845
Santander Bank · Retail Property For Sale
PROPERTY FACTS
ABOUT 149 MAIN ST , NORTH ANDOVER, MA 01845
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 Four Year Extension • Two 3 Year Options with a 10% Increase at Start of 1st Option and 5% Increases Upon 2nd Option • 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 Main Street | Three Access Points • 20+ Years Operating at This Location • 154,780 Residents in 5-mile Radius | $110,373 Average Household Income • Area Retailers Include CVS, Dunkin Donuts, House of Pizza, Stachey’s Pizza, The Wine Lab, Painting with a Twist, China Wok, Heavenly Donuts, Anton’s Cleaners, Kumon, H&R Block, and more
PROPERTY TAXES
| Parcel Number | NAND-000300-000008 | Improvements Assessment | $0 |
| Land Assessment | $308,300 | Total Assessment | $308,300 |
PROPERTY TAXES
