34 Chapman Street, Quincy, MA 02170

THE ASSET: The Property consists of a 2,372 square foot single tenant building on a combined 0.24-acre corner parcel of land. The Property is positioned on two adjacent tax parcels and features a drive through, and drive-up ATM. Eastern Bank has less than 1 year of term remaining on their Absolute NNN Ground Lease.

VERSATILE ZONING: The Property is zoned Business C, a versatile zoning designation in the city of Quincy. The Business C zone is a commercial district that typically applies to high-density commercial areas, including parts of Quincy Center and major corridors. The Business C zoning allows for Multifamily Residences, Commercial Uses (including but not limited to banks, Day Care Facilities, General Retail and Restaurants), Hospitality & Recreation, Healthcare, and Mixed-Use developments.

WOLLASTON URBAN REVITALIZATION DISTRICT: The Property is located within the City of Quincy’s Wollaston Urban Revitalization District (“WURD”), a redevelopment overlay intended to encourage transit-oriented, mixed-use growth surrounding Wollaston Center and the MBTA Red Line station. Established to revitalize an historically important commercial corridor, the WURD promotes higher-density, pedestrian-friendly development while supporting a broad mix of residential, retail, restaurant, office, and mixed-use uses. The district provides meaningful redevelopment advantages including increased density potential, flexible development standards, coordinated infrastructure investment, and a streamlined framework for transformative mixed-use projects tied to public transit access. With direct proximity to the MBTA Red Line and ongoing redevelopment throughout Quincy, the WURD remains a key component of the City’s long-term economic growth strategy.

ABSOLUTE NNN LEASE: The Eastern Bank lease is an absolute triple net with the tenant responsible for all operating expenses, repairs, maintenance, and replacements to the entire property (building and grounds).

LOCATION: Eastern Bank is situated on a corner parcel at the intersection of Chapman Street and Clay Street in the Wollaston neighborhood of Quincy. The Property is across the street from CVS and is seconds from Hancock Street (MA Route 3A) and Newport Avenue, the area’s primary commercial and commuter corridors. The densely populated location is convenient to national and local retailers and restaurants that drive traffic to the area and provide a captive customer base. The Property is 0.2 miles from the Wollaston T Station (with service on the Red Line), is a short walk from several MBTA bus stops, and is close to Interstate 93.

EXCELLENT FRONTAGE, VISIBILITY & ACCESS: The Property is positioned at the intersection of Chapman Street and Clay Street. The Property offers two points of access and excellent visibility and frontage along both Streets.

OUTSTANDING BRANCH DEPOSITS: Eastern Bank has branch deposits of $280.914 million (on 06/30/2025).

STRONG DEMOGRAPHICS: Over 31,500 people live within 1 mile of the Property with an average household income of over $128,330. More than 145,000 people live within 3 miles of the Property with an average household income of $138,637. Additionally, there are more than 61,100 employees within 5 miles of the Property.

RETAIL TRADE AREA: Additional retailers bringing consumers to the immediate trade area include Target, Stop & Shop, 99 Ranch Market, C-Mart Quincy, Marshalls, Anytime Fitness, Planet Fitness, Walgreens, CVS, Starbucks, McDonald’s, Chipotle, 99 Restaurant, Wendy’s, KFC, Taco Bell, Panera, Applebee’s, Five Guys, D’Angelo Grilled Sandwiches, Dunkin’, Chase Bank, TD Bank, Citizens Bank, 7-Eleven and many others.