Horvath & Tremblay sells Chase Bank in Quincy, MA for $5.75 million

Quincy, MA Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of a Chase Bank. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $5.75 million. 

Chase Bank is located at 315 Hancock St. The retail branch, constructed in 2021, consists of a 2,894 s/f building with a dedicated drive-up ATM on a corner parcel. Chase Bank has 10+ years remaining on its absolute NNN ground lease with six, five-year renewal options and 10% rent increases every five years throughout the base term and option periods. Chase Bank is located at a signalized intersection with outstanding frontage and visibility along Hancock St. (MA Rte. 3A), a densely populated, heavily travelled retail corridor. The Property is situated on a corner lot in front of the North Quincy MBTA Station with service on the Red Line, and is shadow anchored by The Abby, a $250 million mixed-use transit-oriented community with 610 luxury Class-A apartments, 20,000 s/f of amenity spaces, Target, specialty retail, and approximately 1,500 parking spaces for MBTA commuters, residents, and retail patrons. The property is also convenient to I-93 and Wollaston Beach, both one mile away.