25 Mechanic Street

Special Purpose for Sale
Catylist Listing ID: 29934581
Building Size (RSF): 4,228 SF
Gross Building Area: See Agent
Sale Price: $397,000
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/12/2017

Overview / Comments

For the first time in decades, the “Kleen Laundry” property portfolio is available for purchase.

25 Mechanic Street is one of three (3) properties within the portfolio and can be purchased separately or as part of the portfolio.

The property is currently leased under a pure triple net lease, which has been in place for over ten (10) years and has recently been renewed to July 10, 2021, with two (2) additional five (5) year options remaining.

25 Mechanic Street is strategically located on a busy street, with over 18,000 average daily traffic (ADT). The facility is the flagship retail laundry and dry cleaning facility for “Kleen Laundry”, along with its dry cleaning production facility.

Although strategically successful as a retail dry cleaning and laundry facility, the building is located in the General Commercial (GC) Zone and could be repurposed into other commercial uses over time.

25 Mechanic Street is offered at:

$397,000

Additional Details

Nearest MSA: Claremont-Lebanon
County: Grafton
Tax ID/APN: 91-267
Zoning: GENERAL COMMERCIAL

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,256 13,940 27,051
Median Age: 38.5 40.04 35.93
Households: 1,679 6,526 10,695

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