Triple-Net Bank
1444 East Boston Post Road Mamaroneck, NY 10543
1444 East Boston Post Road, Mamaroneck, NY, 10543
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For Sale
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Single-tenant bank building offered on a triple-net ground lease with more than 7 years remaining.
Property Size2,694 SF
Lot Size0.51 Acres
Days on Market105
Property Features for 1444 East Boston Post Road
General Information
- Standard status
- Active
- Size
- 2,694 SF
- Lot size
- 0.51 Acres
- Property subtype
- Retail, Office
Listing agency
SURMOUNT
(332) 345-4222
Listed by
Glen Kunofsky · License #NY 49KU1129178
Source
Crexi
Added: Apr 10 Updated: Jul 22 at 9:07PM Checked: Jul 22 at 9:07PM
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 presents a single-tenant People’s United Bank property in Mamaroneck, New York. The offering includes a bank building totaling 2,694 square feet situated on 0.51 acres. The asset is leased under a triple-net (NNN) ground lease structure, with over 7.25 years remaining on the original 15-year term. Base rent is $380,031 with 3% annual rental increases, continuing through the tenant’s renewal options.
The tenant is People’s United Bank, a subsidiary of People’s United Financial, Inc., and the company was founded in 1842. The tenant renewal framework includes three five-year options, supporting continued lease duration beyond the initial NNN ground lease term.
This is an NNN bank investment opportunity presented for sale with an active lease and scheduled rental escalations tied to the lease and renewal periods.
The tenant is People’s United Bank, a subsidiary of People’s United Financial, Inc., and the company was founded in 1842. The tenant renewal framework includes three five-year options, supporting continued lease duration beyond the initial NNN ground lease term.
This is an NNN bank investment opportunity presented for sale with an active lease and scheduled rental escalations tied to the lease and renewal periods.
Key Highlights
- Single‑tenant People’s United Bank building totaling 2,694 SF on 0.51 acres in Mamaroneck, NY
- More than 7.25 years remaining on the original 15‑year triple‑net (NNN) ground lease
- Base rent of $380,031 with 3% annual rental increases
Property Analytics
Location Intelligence
Current Use by Public Records
David Boykin
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FAQs
What type of property is this?
Bank - Single-tenant bank building offered on a triple-net ground lease with more than 7 years remaining.
Where is this bank located?
The property is located at 1444 East Boston Post Road Mamaroneck, NY.
What are key features of this property?
This property features: Single‑tenant People’s United Bank building totaling 2,694 SF on 0.51 acres in Mamaroneck, NY; More than 7.25 years remaining on the original 15‑year triple‑net (NNN) ground lease; Base rent of $380,031 with 3% annual rental increases
