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315 Hancock St
Quincy, MA 02171
Asking Price
$6.38M
Cap Rate
5%
Asset Type
Bank Retail
Class
Class B
What's Special
Retail | 5.00% CAP | 2,894 SqFt <p><strong>LONG-TERM LEASE:</strong> Chase Bank was constructed in 2021 and has 10+ years remaining on its Absolute NNN Ground Lease with six (6), 5-year renewal options.</p><p></p><p><strong>ATTRACTIVE RENT INCREASES:</strong> The lease calls for 10% rental increases every five years throughout the primary term and at the start of all six (6) renewal option periods, providing the investor with an attractive increase in revenue and a hedge against inflation.</p><p></p><p><strong>BEST-IN-CLASS CR
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NOI
$80,000
Cap Rate
1.25%
DSCR
0.21
Underwater
Cash-on-Cash
-15.61%
Monthly Payment
$31,564.759
Annual Cash Flow
$-298,777.107
