Bank For Sale
10,000 Sq Ft
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a ground-leased parcel occupied by a brand-new Newburyport Five Cents Savings Bank (“Newburyport Bank”) at 828 Central Avenue (Route 9) in Dover, NH (the “Property”). The Newburyport Bank ground lease has an initial 10-year term that commenced on August 1, 2018.
The stand-alone Newburyport Bank is located on a highly-visible pad at the signalized intersection of Central and Glenwood avenues along the area’s primary retail corridor. The Property sits prominently in front of Garrison Commons, a new retail development featuring ALDI Supermarket and an adjacent inline shopping plaza leased to Chipotle, Firehouse Subs and Sports Clips. The location further benefits from its proximity to the Wentworth-Douglass Hospital, a modern, 178- bed hospital (part of the Massachusetts General Hospital System) that serves as the regional hub for healthcare, and from its proximity to Dover’s largest employers, Liberty Mutual and Lincoln Financial Group, located on a corporate campus approximately 1.5 miles from the Property.