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JLL Capital Markets is pleased to offer for sale Bass River Plaza, a 6,505 square foot multi-tenant retail property located in Beverly, Massachusetts, an affluent and densely populated community on Boston’s Northshore. The Property is leased to an internet-resistant roster of modern tenants including a high-grossing Starbucks with drive-thru and a Chase ATM, who combined generate approximately 62% of the property’s Gross Revenue. Bass River Plaza offers investors a rare opportunity to acquire a high-visibility property in one of greater Boston’s most compelling sub-markets.
- A top Starbucks location in the Northeast with a full-service drive-thru and sales that are significantly above chain average.
- High profile location on Boston's affluent Northshore - 18 miles north of downtown
- Densely populated and affluent demographics with over 177,700 people living within 5 miles and average household incomes exceeding $110,800
- Immense barriers to entry in the local market
- Nearly 62% of gross income derived from Starbucks and Chase ATM
- Significant demand drivers in the immediate market - Cummings Center Office Park with 2M SF and 4,000 employees, Beverly Hospital, Endicott College and Montserrat College of Art.