36 Washington St
Norwell, MA 02061
Citizens Bank: Norwell, MA · Office Property For Sale

CBRE’s Net Lease Property Group is pleased to exclusively offer a two story 6,742–square–foot Citizens Bank situated on 0.81 acres in Norwell, Massachusetts, which is a bedroom community located 20 miles southeast of Boston’s CBD (MSA Population: 4.8 million). In 2016, Citizens Bank extended their absolute NNN lease for 15 years and invested significant capital into an interior renovation demonstrating their continued commitment to the site. Citizens Bank’s lease currently has ± 12.3 years of term remaining with 3% annual rent increases, which provides attractive cash flow growth for the remainder of the term. Citizen’s is situated on an outparcel to the 149,000–square–foot Queen Anne Plaza which is anchored by Big Y Grocery, TJ Maxx, and Home Goods. The property is ideally located with excellent access and visibility along Washington Street just down from its intersection with Pond Street which are two of the area’s main thoroughfares. Additionally, Citizens is less than one mile from Route 3 , which merges with Interstate 93 and provides direct access to Downtown Boston. Other tenants in the area include The Home Depot, Whole Foods, Stop & Shop, Kohl’s, Barnes & Noble, Ann Taylor, Talbots, Williams–Sonoma, REI, Lululemon, Crate and Barrel, Vineyard Vines, Gap, CVS, Rite Aid, Jiffy Lube, Mobil, 7–Eleven, McDonald’s, KFC, Burger King and Taco Bell among others. Furthermore, Citizens Bank is surrounded by 6.8 MSF of retail, 4.8 MSF of office space, 5.0 MSF of industrial, and 5,737 multifamily units within a 5–mile radius.