462 Highland Ave - Freestanding FOR SALE
Salem, MA 01970 |
462 Highland Ave
Salem, MA 01970
HIGHLIGHTS
- Corporately guaranteed NNN leased asset with 10 year term.
- Year 1 NOI of $182,000 producing a 7.25% CAP rate.
- Prime location next to major retailers such as Walmart, Home Depot, Target, and TJ Maxx.
- Recent renovations include additional square footage, new plumbing, electrical, and roof.
- 285,000 people within a 5-mile radius with an average household income of $132,500.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
INSA Cannabis
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Storefront
TOTAL BUILDING SIZE
3910
STORIES
1
YEAR BUILT
1984
SPRINKLERS
-
PARKING SPACES
23
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
SALE-000003-000000-000002
