2 Summer St
Chelmsford, MA 01824
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporately owned and operated by Bank of America with over 8 Years remaining on the lease term
- Above Average $239,000,000 in Branch Deposits, Drive thru access, Pandemic-Proof
- Operating successfully at this location since 1974
- Investment Grade Credit tenant; BOA holds S&P Rated A+, Moody’s Rated Aa2 and is one of the largest financial institutions in the US
- Absolute Net Fee Simple Lease
- 15% Rental increases, Four, 5 Year Options Remain
PROPERTY FACTS
Property Type
Retail
Property Subtype
Bank
Building Size
2,872 SF
Building Class
C
Year Built
1974
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
8.45 AC
Zoning
CC
Parking
50 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
78’ on Summer St
AMENITIES
- Drive Thru
PROPERTY TAXES
| Parcel Number | CHEL-000084-000334-000019 | Improvements Assessment | $520,300 |
| Land Assessment | $434,700 | Total Assessment | $955,000 |
