Chase Bank
Retail | 5.00% CAP | 3,373 SqFt
Marketing description
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the fee simple interest in the new construction single tenant Chase Bank Land and Building Lease located at 850 Main Street in Clinton, Massachusetts (the “Property”). The Property consists of a single-story, 3,373 square-foot building with a drive-thru on 0.46 acres. Chase Bank has a new 15-year Absolute NNN Land and Building Lease with three (3), 5-year renewal options. The lease features attractive 10% rent increases every five years throughout the primary lease and at the start of each renewal option. Chase Bank is under construction and has an anticipated rent commencement date of March 31, 2026.
Chase Bank benefits from exceptional exposure and access along Main Street, centrally located within Clinton’s primary commercial corridor. Positioned between Hannaford and Shaw’s, the town’s two dominant grocery anchors, the Property is surrounded by a strong mix of national and local retailers that generate consistent consumer traffic. The Property is close to two major industrial complexes, UMass Memorial HealthAlliance – Clinton, area schools, and nearby residential neighborhoods, creating a reliable and diverse customer base. Located within the Worcester MSA, Clinton offers convenient regional connectivity, with easy access to Interstate 195 approximately 4.5 miles away and Interstate 495 roughly 6 miles away, providing efficient connections to the greater region and Boston’s MetroWest markets.
Investment highlights
LONG TERM LEASE: The new construction Chase Bank features a 15-year Absolute NNN Land and Building Lease with three (3), 5-year renewal options. The lease features attractive 10% rent increases every five years throughout the primary lease and at the start of each renewal option. Chase Bank is under construction and has an anticipated rent commencement date of March 31, 2026.
ZERO LANDLORD RESPONSIBILITIES: Chase Bank is responsible for real estate taxes, insurance, operating expenses, repairs and maintenance, and capital repairs to the Property making it an attractive investment for the passive investor and protecting the in-place cash flow against rising costs of service and labor. The property is governed by a very simple shared access/REA agreement.
SCHEDULED RENT INCREASES: The Chase Bank land and building lease calls for attractive 10% rent increases every five years throughout the primary lease term, as well as at the start of each renewal option period, providing a steady increase in income and an attractive hedge against inflation.
CORPORATE OPERATOR: JPMorgan Chase Bank stands as one of the highest rated retail tenants in the net lease market and boasts a high investment-grade long-term credit rating of AA- (S&P) and Aa2 (Moody’s).
OUTSTANDING LOCATION: Chase Bank enjoys outstanding frontage and visibility along Main Street in the heart of Clinton’s commercial district. The Property is positioned between Hannaford and Shaw’s, Clinton’s two grocers, and is convenient to the area’s national and local retailers, all of which drive traffic to the area. Chase Bank is seconds from two large industrial complexes, UMass Memorial HealthAlliance – Clinton (Hospital), area schools and is close to residential neighborhoods providing a built-in customer base. Clinton is part of the Worcester MSA and is convenient to Interstates 195 (4.5 miles) and 495 (6 miles) providing access to the broader area and Boston’s Metro West markets.
VISIBILITY & SIGNAGE: Chase Bank benefits from outstanding frontage and visibility along Main Street. The Property has several points of access and prominent building signage.
TRADE AREA: Additional national retailers and restaurants drawing consumers to the trade area include Hannaford, Shaw’s, CVS, AutoZone, Tire Warehouse, McDonald’s, Starbucks, Wendy’s, Domino’s, Subway, Dunkin’, Cumberland Farms, Yatco, and numerous local retailers and restaurants.
STRONG DEMOGRAPHICS: Over 35,400 people live within a 5-mile radius of the Property with an average household income of over $150,411. More than 239,300 people live within 10-miles of the Property with an average household income of $157,269.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
