Offered for sale is a NNN leased Citizens Bank addressed 147 Main Street in Gloucester,
Massachusetts. Citizens demonstrated its commitment to the site by recently extending
for 10-years. The branch boasts deposits in excess of $111M. The property is ideally
positioned in the heart of downtown Gloucester, a focal point of the regions fishing
industry. The offering is a rare opportunity to acquire a long-term NNN leased asset that
features rare 2% annual increases and is backed by a strong investment grade tenant, in
a unique downtown New England market.

Investment Highlights:

• 8+ years of primary term remain on the recently extended NNN lease with three five-year

options thereafter.

• 2% rental increases annually throughout the primary term and the options periods.
• Citizens demonstrated a strong commitment to the site, recently extending 10-years and

remodeling the interior in 2020.

• Deposits in excess of $111M at this branch (as of June 30, 2021).
• The lease is corporately guaranteed by Citizens (NYSE: CFG), rated investment grade BBB+.
• In the heart of downtown Gloucester, a popular summer destination and center to the

regions fishing industry.

• Average household income in excess of $98,000 within a three-mile radius of the property.
• Ideal for a buyer in a 1031 exchange seeking a management-free asset that offers true passive income.