Fidelity Investments | Build-to-Suit Investor Center | Danvers, MA_Property for Sale

152 Endicott Street, Danvers, MA, 01923, US

Fidelity Investments | Build-to-Suit Investor Center | Danvers, MA

Asset description

JLL presents for sale a single-tenant Fidelity Property in Danvers, MA, situated in a dense retail corridor between two major malls and just off Route 128, with exposure to 80,000+ vehicles daily. The newly developed property is occupied by Fidelity Investments under a 10-year net lease with 2% annual rent increases and two five-year renewal options. Located 15 miles from Boston, the asset benefits from proximity to major infrastructure and retail drivers. The build-to-suit facility will offer retail branch banking and wealth management services for Fidelity's North Shore clients. Adjacent to high-traffic retailers like Home Depot, Target, and Market Basket, the property is surrounded by ±3M square feet of retail within a half-mile radius and experiences a 53% increase in daytime population within a 1-mile radius.

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Attributes

Year built

2025

WAULT

10 years

Building area net

10,890 sf

Parcel

1.3 Acres

Media

Investment highlights

The Property is a new 2025 build-to-suit development
Fidelity Investments features investment-grade credit (Moody's: A1 / S&P: A+) and $32B+ of topline revenues via their FMC LLC parent entity
The Property is situated along Endicott St (30,000+ VPD) and Route-128 (80,000+ VPD)
Located within dynamic trade area featuring 3.1M SF of high-performing retail (Peabody Northshore Mall & Liberty Tree Mall)
Fidelity is relocating to this property from elsewhere in the market, which will serve as their sole investor center covering Boston’s North Shore
Daytime population increases 53% within a 1-mile radius
10-year NN lease with 2% annual increases and 2 x 5-year renewal options