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1985 Lakeview Ave
Dracut, MA 01826

Santander Bank · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Bank
Building Size
3,366 SF
Year Built
1970
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.87 AC
Zoning
B3
Parking
22 Spaces (6.54 Spaces per 1,000 SF Leased)

About 1985 Lakeview Ave , Dracut, MA 01826

NNN Lease | Corporate Guaranteed | Rental Increases Each Option Period • The Lease is Corporate Guaranteed by Santander Bank (S&P: A-) • 20 Year Initial Lease | Recently Exercised Six Year Extension • Five 5 Year Options with a 10% Increase at Start of 1st Option and 5% Increases Every 5 Years Thereafter • Tenant Pays for Taxes, Insurance, CAM, Utilities and Contributes to Roof & Structure Replacement • Tenant has one Time Option to Replace the Roof; Landlord pays 60% of Replacement Cost and Tenant Pays 40% Central Location | Strong Demographics | National Retailers in Surrounding Market • Centrally located on Lakeview Avenue | Nearly 25,000 Vehicles Per Day • 20+ Years Operating at This Location • 170,018 Residents in 5-mile Radius | $88,149 Average Household Income • Area Retailers Include CVS Pharmacy, Dunkin', Lakeshore Realty, The UPS Store, Subway, Speedway, Enterprise Rent A Car, Palace Pizza, Owen and Ollies Restaurant, Top Donut, O’Hara’s Tavern, and more

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
DRAC-000025-000000-000180
Land Assessment
$377,800
Improvements Assessment
$412,700
Total Assessment
$790,500
  • Listing ID: 18125819

  • Date on Market: 1/8/2020

  • Last Updated:

  • Address: 1985 Lakeview Ave, Dracut, MA 01826

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