Sale Leaseback - Dover NH

Retail-Commercial for Sale
Catylist Listing ID: 30872850
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 10,400 SF
Gross Building Area: See Agent
Sale Price: $1,850,000
Unit Price: $177.88 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/5/2024

Overview / Comments

This retail facility in Dover, NH presents a compelling investment opportunity. The seller is offering a 10-year lease with a competitive rate and an additional 10-year option, providing the new owner with stability and the potential for asset appreciation. The seller's intention to utilize the proceeds to enhance and modernize the business and facility further adds to the appeal of this opportunity. With the potential for long-term income and growth, this investment is worth considering for those seeking a stable and promising asset in the burgeoning City of Dover.

Seller will lease back the property for $180,000 per year, NNN, 10-year term with a 10-year option. Contact broker for proposed lease and tenant financial info.

Financials

Finance Data Year 2024
Real Estate Taxes - Annual($) $18,784 (Annual)

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Strafford
Tax ID/APN: 25043-F00000
Zoning: G
Property Visibility: Excellent
Feet of Frontage: 100
Traffic/Vehicle Count: 9,100
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,200 SF
Property Condition: Good
Year Built: 1966
Year Renovated: 2023
Roof Type: Gable
Parking Description: front and rear of the building
Lot Frontage: 100

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,063 28,601 67,959
Median Age: 31.4 36.48 35.72
Households: 2,883 12,665 25,329

Contact

Photograph of Listing Agent

Bob Marchewka

Compass NECPE Member
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