7 Lafayette Rd - Retail FOR SALE


North Hampton, NH 03862
$2,850,000 USD
603-781-6546
7 Lafayette Rd, North Hampton, NH for Sale
$2,850,000 USD
Retail - FOR SALE
1/7
null | 5.97% Cap Rate

7 Lafayette Rd
North Hampton, NH 03862


HIGHLIGHTS

  • 100% leased investment opportunity
  • Recent upgrades include new paint, new awnings and exterior lighting (2024)
  • New roof over front building (2022)
  • 65± on-site parking spaces

OVERVIEW

7 Lafayette Road consists of two buildings totaling 20,645± square feet on 2.09± acres. The buildings are identical in design and construction, showcasing top-quality craftsmanship. Long-term tenants include Subway and Vanguard Key Club, both of which have occupied the space for over 20 years. LuLu Posh, a high-end salon offering a variety of services, and Team Fitness, known for providing affordable training to medical patients, athletes, and fitness enthusiasts, also lease space at this location. All leases are Modified Gross, with tenants paying for their own electric and gas via separate meters. Vanguard additionally covers their own water bill for the rear building. With minimal management required, this investment property is ideal for a hands-off investor looking to benefit from below-market rents and operating expenses. For more information a signed NDA is required.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$135 USD /SF

CAP RATE

5.97%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.09 AC

LAND SF

91,040 SF

ZONING

I-B/R

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Kent WhiteThe Boulos CompanyMore Info
603-781-6546

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Kent WhiteThe Boulos CompanyMore Info
603-781-6546

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.