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1985 Lakeview Ave 3,366 SF Retail Building Dracut, MA 01826 $2,150,000 ($638.74/SF)
Executive Summary
Property Facts
Space Availability
- Space
- Size
- Space Use
- Position
- Available
NNN Lease available in April 2026 -a Freestanding ±3,366 SF retail/office building, former Santander Bank branch, with large parking lot, located on a available under a corporate-guaranteed NNN lease with Santander Bank (S&P A- rating) through 9/30/2025. Tenant pays taxes, insurance, CAM, utilities, roof, and structure. The lease includes five (5) 5-year renewal options, with a 10% rent increase at the first renewal and 5% increases at the start of each additional term. Located on ±0.87 acres with 22 on-site parking spaces and excellent visibility on Lakeview Avenue (25,000± VPD). The property is surrounded by national retailers, including CVS, Dunkin’, and Enterprise. Zoned B3 – General Business. Ideal passive investment with minimal landlord responsibilities.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 3,366 SF | Retail | Outparcel | Now |
1st Floor
| Size |
| 3,366 SF |
| Space Use |
| Retail |
| Position |
| Outparcel |
| Available |
| Now |
1st Floor
| Size | 3,366 SF |
| Space Use | Retail |
| Position | Outparcel |
| Available | Now |
NNN Lease available in April 2026 -a Freestanding ±3,366 SF retail/office building, former Santander Bank branch, with large parking lot, located on a available under a corporate-guaranteed NNN lease with Santander Bank (S&P A- rating) through 9/30/2025. Tenant pays taxes, insurance, CAM, utilities, roof, and structure. The lease includes five (5) 5-year renewal options, with a 10% rent increase at the first renewal and 5% increases at the start of each additional term. Located on ±0.87 acres with 22 on-site parking spaces and excellent visibility on Lakeview Avenue (25,000± VPD). The property is surrounded by national retailers, including CVS, Dunkin’, and Enterprise. Zoned B3 – General Business. Ideal passive investment with minimal landlord responsibilities.
Property Taxes
| Parcel Number | DRAC-25 222 1 | Improvements Assessment | $588,400 |
| Land Assessment | $417,000 | Total Assessment | $1,005,400 |
Property Taxes
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1985 Lakeview Ave
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