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Fidelity Investments 152 Endicott St 10,988 SF 4-Star Retail Building Danvers, MA 01923 $11,171,133 ($1,016.67/SF) 6% Cap Rate
Investment Highlights
- Brand New Long-Term 10 Year Lease with 2% Annual Rent Increases Fidelity Investments is subject to a brand new long-term 10-year lease
- Fidelity Relocation Branch This site is a relocation branch from a Fidelity less than a half-mile down the road on Endicott St.
- Strong Credit Tenant Fidelity Investments is one of the largest asset managers in the world
Executive Summary
Surmount is pleased to present the exclusive listing for a Fidelity Investments located at 152 Endicott St, Danvers, MA 01923. The site consists of roughly 10,988 rentable square feet of building space on an estimated 1.33-acre parcel of land. This Fidelity Investments is subject to a 10-year Double Net (NN) lease, which commenced 6/5/2025. The current annual rent is $670,268 and has scheduled increases of 2.00% annually.
Property Facts In Escrow
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
10,988 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Price
$11,171,133
Price Per SF
$1,016.67
Cap Rate
6%
NOI
$670,268
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.24 AC
Zoning
C3 - Commercial zoning
Frontage
87’ on Endicott Street
Amenities
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | DANV-000063-000000-000014 | Improvements Assessment | $4,000 |
| Land Assessment | $3,677,800 | Total Assessment | $3,681,800 |
Property Taxes
Parcel Number
DANV-000063-000000-000014
Land Assessment
$3,677,800
Improvements Assessment
$4,000
Total Assessment
$3,681,800
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Fidelity Investments | 152 Endicott St
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