Triple-Net Bank
For Sale
Contact for pricing
Pending
147 Main St, Gloucester, MA 01930
Single-tenant Citizens Bank property built in 1976 with an NNN lease extended to 2030.
Property SizeContact for details
Days on Market132
Property Features for 147 Main St
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Aug 18 at 9:10PM
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.
Marcus & Millichap is pleased to present an exclusive listing for a single-tenant Citizens Bank property. The building was constructed in 1976 and includes approximately 4,596 rentable square feet on 0.33 acres of land. The property is leased under a true Triple-Net (NNN) structure.
The NNN lease has been extended by 10 years, with an expiration of March 31, 2030. Beginning April 1, 2020, the tenant pays annual rent of $79,500, scheduled to increase by 2% every year and continue through the three, five-year option periods.
The NNN lease has been extended by 10 years, with an expiration of March 31, 2030. Beginning April 1, 2020, the tenant pays annual rent of $79,500, scheduled to increase by 2% every year and continue through the three, five-year option periods.
Key Highlights
- Single‑tenant Citizens Bank at 147 Main Street, Gloucester, MA, built in 1976
- Approx. 4,596 rentable SF on 0.33 acres
- True triple‑net (NNN) lease extended 10 years with expiration March 31, 2030
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,334
Businesses Nearby
Explore this area
Business Placement
Demographics for 01930, MA
29,729
Population
14,630
Households
2
Avg Household Size
50
Median Age
39%
College-Educated
94%
High-School Grad
26.2 sq mi
ZIP Area
1,135
Density / Sq Mi
$87,898
Median Household Income
$49,580
Median Earnings
$1,395
Median Rent
$587,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Single-tenant Citizens Bank property built in 1976 with an NNN lease extended to 2030.
Where is this nnn property located?
The property is located at 147 Main St Gloucester, MA.
What are key features of this property?
This property features: Single‑tenant Citizens Bank at 147 Main Street, Gloucester, MA, built in 1976; Approx. 4,596 rentable SF on 0.33 acres; True triple‑net (NNN) lease extended 10 years with expiration March 31, 2030
