Investment-Grade (A+ Credit) Retail Offering - 2025 Build-to-Suit - Boston MSA_Property for Sale

152 Endicott Street, Danvers, MA, 01923, US

Investment-Grade (A+ Credit) Retail Offering - 2025 Build-to-Suit - Boston MSA

Asset description

JLL presents for sale a single-tenant net lease 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 10,988 SF 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

$12,800,000

Cap rate

5.25%

NOI

$671,000

Media

Investment highlights

The Property is a new 2025 build-to-suit development
The tenant features 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