V.I.P, Inc.

Retail-Commercial for Lease
Catylist Listing ID: 30048598
Property Subtypes: Mixed Use, Vehicle Related
Contiguous Space: 6,137 SF
Building Size (RSF): 6,135 SF
Gross Building Area: 10,500 SF
Gross Land Area: 1.73 - 3.30 Acres
Lease Rate: $11 - 12 PSF (Annual)
Base Monthly Rent: $5,625 - 6,137
Lease Types: NNN
Building Name: VIP Auto
Usable Size (USF): 6,135 SF
Core Factor: 95%
Last Updated: 9/15/2017

Overview / Comments

Modern vinyl-sided, wood frame single story retail building with excellent exposure to NH Route 16 between the Town of Gorham and the City of Berlin. Presently occupied by O'Reilly Auto Parts and VIP Auto, the 6,137 SF occupied by O'Reilly Auto Parts will be available FOR LEASE in the last quarter of 2017.
The floor plan allows for the entire 6,137 SF to be retail or divided into retail and storage with the only restriction on use being a non-compete with VIP Tire and Auto Service and uses allowed by Town of Gorham commercial zoning.
Neighboring commercial uses include auto dealers, WalMart, Top Furniture and a mix of retail and scattered residential. The Cascades Paper Mill is about a half mile north of the subject site and the junction of NH Rt.16 and Rt 2 is a quarter mile to the south.
Two abutting lots are available for lease for a tenant needing outside display or storage area. Total available acres = 3.3.

Expand All Available Space

Suite: 1 6,137 SF $11 - 12 PSF (Annual) NNN
Level/Floor: ground
Space Available: 6,137 SF
Lease Rate: $11 - 12 PSF (Annual)
$5,625 - 6,137 (Monthly)
Lease Type: NNN
Space Description: High volume retail or showroom with clear span needed for automobile display or discount warehouse retailing.
Space Subcategory: Office Showroom, Net Leased
Date Available: 12/1/2017
Lease Term: 120 Months
Space Type: Relet
Parking Spaces 40
Tax Expenses $12,800 PSF (Annual)
Rent Escalators Step-Up Lease
Rent Escalators Description 5 year inflation

Additional Details

Nearest MSA: Berlin
County: Coos
Taxing Authority: Town of Gorham, NH
Tax ID/APN: U-8 41B
Zoning: COMMERCIAL
Retail Clientele: General
Property Located Between: NH Route 16 and Androscoggin River.
Property Visibility: Excellent
Largest Nearby Street: NH Route 16
Highway Access: NH Route 16 and US Route 2
Airports: Milan, NH
Site Description: Fronting on a 4 lane commercial highway between Gorham and Berlin, this modern retail structure offers easy access and visibility for traffic travelling North to Canada, West to Vermont or East to the coast of Maine. The additional undeveloped land owned by the Lessor is available with the retail lease. It would provide a sizable outside expansion area.
Area Description: The surrounding properties are developed commercially offering a wide variety of products including automobiles, trucks, recreational vehicles, food and day goods, furniture and gasoline.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 10,500 SF
Property Condition: Excellent
Year Built: 1996
Roof Type: Gable
Construction/Siding: Vinyl Siding, Wood Frame
Exterior Description: The street side offers 3 large display windows with a glass airlock customer entry shared by both occupants. VIP Auto has 5 bays with 10' overhead doors. The remainder of the street side is eave to ground off-white vinyl siding and the roof is finished with gray architectural asphalt shingles.
Total Parking Spaces: 40
Parking Ratio: 4 (per 1000 SF)
Parking Type: Surface
Parking Description: Paved and striped.
Sprinklers: None
Heat Type: Propane
Heat Source: Ceiling Units
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Open floor plan with suspended ceiling. Extensive display space on exterior walls and open floor space for any size displays. Leased space will accommodate floor to ceiling partitions for office use.
Zoning Description: Retail, service and wholesale commercial uses. Google www.townofgorhamnh.org and click on zoning ordinance.
Lot Frontage: 240'
Lot Depth: varied
Water Service: Municipal
Sewer Type: Municipal
Easements Description: Shared entrance from Rt. 16
Legal Description: Town of Gorham, NH Tax Map U-8 Lot 41B

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,408 5,421
Median Age: 47.05 44.38
Households: 1,098 2,546

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