JLL Capital Markets is pleased to offer for sale a single-tenant, newly constructed Citizens Bank located in Arlington, Massachusetts. Citizens Bank has operated at the location for over 15 years and recently executed a new, 10-year NNN lease. The property is located on Massachusetts Ave, a major thoroughfare in the area, which sees traffic of approximately 30,000 vehicles per day. Arlington is a densely populated, affluent community, less than 6 miles from Cambridge and 10 miles from Downtown Boston.
The Citizens Bank Pad is also being offered as part of the BDI Collection and can be acquired individually or with the Portfolio. Please visit the BDI Collection website for more information.
- Newly-constructed, brand new building with an expected completion date of June 2022
- Citizens has operated at this location for over 15 years
- New, 10-year absolute NNN lease with zero landlord responsibilities
- Enormous barriers to entry for new drive-thru bank locations in trade area
- Institutional quality demographics with over 126,300 people and household incomes exceeding $185,000 within 3-miles.