Fidelity Investments | Investment-Grade (A+ Credit) Retail Offering | 2025 Build-to-Suit - BOS MSA_Property for Sale
Fidelity Investments | Investment-Grade (A+ Credit) Retail Offering | 2025 Build-to-Suit - BOS MSA_Property for Sale
152 Endicott Street, Danvers, MA, 01923, US

Fidelity Investments | Investment-Grade (A+ Credit) Retail Offering | 2025 Build-to-Suit - BOS MSA

Description

JLL presents for sale a single-tenant Fidelity Investments build-to-suit 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 an investment-grade credited tenant with a 10-year net lease featuring 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. 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
Parcel
1.3 Acres
Asking price
$11,660,000
Cap rate
5.75%
NOI
$671,000

Media

Investment highlights

  1. The Property is a new 2025 build-to-suit development
  2. Fidelity Investments is an investment-grade credit (Moody's: A1 / S&P: A+) and $32B+ of topline revenues via their parent entity
  3. The Property is situated along Endicott St (30,000+ VPD) and Route-128 (80,000+ VPD)
  4. Located within dynamic trade area featuring 3.1M SF of high-performing retail (Peabody Northshore Mall & Liberty Tree Mall)
  5. Daytime population increases 53% within a 1-mile radius
  6. 10-year NN lease with 2% annual increases and 2 x 5-year renewal options
Fidelity Investments | Investment-Grade (A+ Credit) Retail Offering | 2025 Build-to-Suit - BOS MSA 4_Property for Sale
Fidelity Investments | Investment-Grade (A+ Credit) Retail Offering | 2025 Build-to-Suit - BOS MSA 4_Property for Sale

Contact brokers

Fidelity Investments | Investment-Grade (A+ Credit) Retail Offering | 2025 Build-to-Suit - BOS MSA (0 Properties)

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Last updated
Jul 8, 2025