Stop & Shop - 37 Enon Street Beverly, MA
37 Enon Street, Beverly, MA, 01915, US
60,666 sf
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
- The Property is a new 2025 build-to-suit development
- Fidelity Investments is an investment-grade credit (Moody's: A1 / S&P: A+) and $32B+ of topline revenues via their 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)
- Daytime population increases 53% within a 1-mile radius
- 10-year NN lease with 2% annual increases and 2 x 5-year renewal options
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
