369-373 S Broadway - Storefront FOR SALE
Salem, NH 03079 |
369-373 S Broadway
Salem, NH 03079
HIGHLIGHTS
- Rare opportunity to acquire 18,000 SF of prime real estate on Salem NH's Route 28
- The largest tenant just executed a 10-year lease with an extensive custom buildout
- $189k NOI Value-Add opportunity - Upside through leasing the vacant unit & bringing rents to market value
- Significant capital improvements - Fully sprinklered, new roof, parking lot, HVAC, pylon signage & more in the last 3 years
- Located in a high growth market just 1 mile off the highway 4 minutes to the 170 Acre Tuscan Kitchen Mixed-Use Development
- Facade is soon getting a renovation to modernize exterior & attract new tenants
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
75% Leased $189k NOI Retail Center Value Add
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
18624
STORIES
1
YEAR BUILT
1987
SPRINKLERS
-
PARKING SPACES
68
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
SLEM-000136-000372
