147 Main St Gloucester, MA 01930

Listing agency SURMOUNT g***@nnnpro.com Show Phone

Listed by Glen Kunofsky · License #NY 49KU1129178

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Added: Apr 11 Updated: Jul 21 at 7:40AM Checked: Jul 21 at 7:40AM

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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.

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

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FAQs

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