Conveniently located at the corner of County Road and Maple Avenue, in Barrington, Rhode Island. This sale is for a triple net (NNN) leased Santander Bank property. The current lease has nine years left on the initial term with five additional five year extensions. The current Net Operating Income (NOI) is $130,000 and increases to $143,000 in 2025. Tenant Information: Santander Bank, N.A. (SBNA) is one of the country’s largest retail and commercial banks with $85 billion in assets. With its corporate offices in Boston, the Bank’s approximately 10,000 employees, more than 600 branches, more than 2,000 ATMs and 2.1 million customers are principally located in Massachusetts, New Hampshire, Connecticut, Rhode Island, New York, New Jersey, Pennsylvania and Delaware.
