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Chase Bank & Chipotle 208 Main St 6,924 SF 100% Leased 4-Star Retail Building Wilmington, MA 01887 $7,041,616 ($1,016.99/SF) 6% Cap Rate

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INVESTMENT HIGHLIGHTS

  • New Construction
  • Minimal Landlord Responsibilities
  • Prime Retail Location
  • Attractive Rent Increases
  • Dynamic Corporate Tenants
  • High Traffic Counts

EXECUTIVE SUMMARY

Horvath & Tremblay is pleased to present the exclusive opportunity to acquire the fee simple interest in the two-tenant plaza located at 208 Main Street in Wilmington, Massachusetts (the “Property”). The build to suit, two-tenant plaza is improved with Chase Bank and Chipotle and contains 6,924 square feet on a 1.32-acre parcel. The Property is currently under construction. Chase Bank has a new 15-year lease with six (6), 5-year renewal options and Chipotle has a new 15-year lease with four (4), 5-year renewal options. Both tenants’ leases call for attractive10% rent increases every five years throughout the primary lease terms and at the start of each of the renewal option periods. The Property enjoys outstanding frontage and visibility at the signalized intersection of Richmond Street and Main Street, the area’s primary commercial and commuter corridor. Positioned in the heart of Wilmington’s commercial district, the new construction Property is adjacent to McDonald’s and the Rustica Memorial Arena and is seconds from Wilmington Plaza, which is anchored by Market Basket, TJ Maxx, and Ace Hardware. The Property is surrounded by local and national retailers and restaurants that drive traffic to the area, and is convenient to Wilmington’s schools and residential neighborhoods providing a captive customer base. Wilmington is a suburban town located in Middlesex County, approximately 15 miles north of Boston.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,924 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Price
$7,041,616
Price Per SF
$1,016.99
Cap Rate
6%
NOI
$422,497
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
1.32 AC

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Chase Bank
  • -
  • -
  • -
  • -
  • Chipotle
  • -
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Chase Bank - - - -
Chipotle - - - -

NEARBY MAJOR RETAILERS

Citizens Bank
Chase
Salem Five
Santander
Starbucks
Market Basket
Bank of America
Eastern Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
WILM-000044-000000-000000-000178B
Land Assessment
$507,500
Improvements Assessment
$2,651,600
Total Assessment
$3,159,100
  • Listing ID: 35954272

  • Date on Market: 5/22/2025

  • Last Updated:

  • Address: 208 Main St, Wilmington, MA 01887

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