Chase Bank Branch with
For Sale
Contact for pricing
1111 Lexington St, Waltham, MA 02452
New construction includes a dedicated banking facility and separate full-service ATM serving the parcel.
Property Size3,400 SF
Lot Size0.92 Acres
Days on Market143
Property Features for 1111 Lexington St
General Information
Standard status
Active
Size
3,400 SF
Lot size
0.92 Acres
Property subtype
Retail
Amenities
full-service drive through ATM
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 5:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SURMOUNT
Investment Insights
Based on property information with market context.
The property is a newly constructed Chase bank branch at 1111 Lexington St in Waltham, Massachusetts. The improvements include approximately 3,400 square feet of building area on a 0.92-acre parcel, along with a full-service drive-through ATM positioned at the opposite end of the site.
The branch is subject to a 15-year absolute NNN ground lease, with rent commencing December 28, 2021, and the initial term scheduled to end December 31, 2036. Contractual increases of 12.5% occur every five years. The lease also provides six five-year renewal options, each incorporating the same 12.5% escalation structure. The site is near Bank of America and Citizens Bank branches, located within one-eighth of a mile, with reported deposits of $370,494,000 and $249,426,000, respectively.
The branch is subject to a 15-year absolute NNN ground lease, with rent commencing December 28, 2021, and the initial term scheduled to end December 31, 2036. Contractual increases of 12.5% occur every five years. The lease also provides six five-year renewal options, each incorporating the same 12.5% escalation structure. The site is near Bank of America and Citizens Bank branches, located within one-eighth of a mile, with reported deposits of $370,494,000 and $249,426,000, respectively.
Key Highlights
- Approximately 3,400 square feet of new bank branch construction
- 0.92‑acre parcel at 1111 Lexington St, Waltham, MA 02452
- Full‑service drive‑through ATM located at the opposite end of the parcel
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
345
Businesses Nearby
Explore this area
Business Placement
Demographics for 02452, MA
15,340
Population
5,838
Households
2.6
Avg Household Size
33
Median Age
54%
College-Educated
93%
High-School Grad
3.8 sq mi
ZIP Area
4,037
Density / Sq Mi
$112,902
Median Household Income
$41,351
Median Earnings
$2,325
Median Rent
$779,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Bank - New construction includes a dedicated banking facility and separate full-service ATM serving the parcel.
Where is this bank located?
The property is located at 1111 Lexington St Waltham, MA.
What are key features of this property?
This property features: Approximately 3,400 square feet of new bank branch construction; 0.92‑acre parcel at 1111 Lexington St, Waltham, MA 02452; Full‑service drive‑through ATM located at the opposite end of the parcel
