Santander Bank Absolute NNN Lease Bank Massachusetts

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Investment Offering

Tenant: Santander Bank | Brockton, MA
Premises: 2,450 SF
Renewal Options: 2 x 5 Years

Lease Expiration: 02/14/2027
Lease Type: Absolute NNN
Rental Increases: 5% at Options

Sands Investment Group is Pleased to Present Exclusively For Sale the 2,450 SF Santander Bank Absolute NNN Lease Located at 25 Torrey Street in Brockton, MA. This Deal Includes an Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities, Providing For a Secure Investment.

Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities
The Tenant Recently Executed Lease Extension Showing Commitment to the Site
Quality Credit Tenant With Long Operating History Since 2001
In the United States Santander Operates 650 Retail Banking Office, Over 2,000 ATM’s and Holds $57.5 Billion in Deposits
Santander Brockton is Considered As the “Top 20 Santander Bank Branches in the New England Region”
Strong Deposits Close to $50 Million in 2020; Deposits Went Up During the Pandemic
New Accounts Have Gone Up Further Due to Citizen Bank Branch Permanently Closing Across the Street
Branch Has Remained Open Throughout COVID-19 Through the Use of the Drive-Thru, Only Slightly Affecting Operating Hours
Positioned Near the Area’s Major Retail and Traffic Corridor – Features Easy Access and Excellent Visibility
Limited Competition – Nearest Santander Bank is 5-Miles Away (14 Minute Drive); Making it the Only Santander Branch in Brockton
Nearby Tenants Include: CVS Pharmacy, Taco Bell, Wingstop, T-Mobile, Advance Auto Parts, Burger King, Dollar Tree, AutoZone, Dunkin’ and More

In Cooperation With ParaSell, Inc., A Licensed Massachusetts Broker Lic. #423311-RE-C BoR: Scott Reid – Lic. #423311-RE-C

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Tenant Overview

Santander Bank, N.A. is one of the country’s largest retail and commercial banks with $89.5 billion in assets. With its corporate offices in Boston, more than 2 million customers are principally located in Massachusetts, New Hampshire, Connecticut, Rhode Island, New York, New Jersey, Pennsylvania and Delaware. The Bank is a wholly-owned subsidiary of Madrid based Banco Santander, S.A. (NYSE: SAN) – one of the most respected banking groups in the world with more than 148 million customers in the U.S., Europe, and Latin America. It is overseen by Santander Holdings USA, Inc., Banco Santander’s intermediate holding company in the U.S.
We got our start in Spain, but we’ve been serving customers in the Northeast since 2013. Santander Bank, formerly Sovereign Bank, has $57.5 billion in deposits, operates about 650 retail banking offices and over 2,000 ATMs, and employs approximately 10,000 people.

Area Overview