Catylist ID:
#30794095
Mixed-Use Trifecta: High Exposure on Rt. 1
Retail-Commercial
for Sale
| Catylist Listing ID: | 30794095 |
| Property Subtypes: | Mixed Use, Retail-Pad |
| Building Size (RSF): | 1,786 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $1,200,000 |
| Unit Price: | $671.89 PSF |
| Property Use Type: | Net Leased Investment (NNN), Investment, Business |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 5/12/2022 |
Overview / Comments
|
Highly visible Rt.1 mixed-use parcel with existing NNN and gross leases. Good property circulation and ample parking for each user. Please see the extensive list of updates done throughout the property including but not limited to; • Aroma Joe’s: Natural Gas, Water and Electric 2 Wall units, 18 months old. They provide heat and AC (Replaced for $13,000) • Bakery: Propane, Water and Electric New Heating System - 12 months ($6,000) New Hot Water Tank - 12 months ($1,500) • All State: Natural Gas, Water and Electric New Hot Water Tank- 12 months ($1,500) • Apartment: Natural Gas, Water and Electric Brand New Forced Hot Water Heating System ($12,500) |
Attachments & Media
Financials
| Finance Data Year | 2021 |
|---|---|
| Real Estate Taxes - Annual($) | $25,000 (Annual) |
| Potential Rental Income | $67,700 (Annual) |
| Gross Operating Income | $75,000 (Annual) |
| Net Operating Income | $55,900 (Annual) |
| Actual or Proforma Year | Actual |
Current Tenants
| Tenant Business Name | Aroma Joe's |
| Is Renting? | Yes |
| Tenant Business Name | All State Insurance |
| Tenant Notes | Month to month, been in place 7 years + |
| Tenant Business Name | Gluten Free Bakery |
| Is Renting? | Yes |
| Tenant Notes | Month to month. Been in place 9 year + |
| Tenant Business Name | Single Family Rental |
| Tenant Notes | Was under one year lease, now month to month. Been in place 1 year + |
Additional Details
| Nearest MSA: | Boston-Cambridge-Newton |
| County: | Rockingham |
| Tax ID/APN: | 090-017-000 |
| Zoning: | BUSINESS |
| Retail Clientele: | General, Business |
| Property Visibility: | Excellent |
| Largest Nearby Street: | Route 1 |
| Feet of Frontage: | 205 |
| Area Description: | Long-standing, established retail and general business corridor of Rt. 1. Excellent access with turning lanes and clear sightlines. |
| Tenancy: | Multiple Tenants |
| Total Number of Buildings: | 3 |
| Number of Stories: | 1 |
| Property Condition: | Excellent |
| Year Renovated: | 2018 |
| Roof Type: | Gable |
| Construction/Siding: | Vinyl Siding |
| Total Parking Spaces: | 15 |
| Parking Type: | Surface |
| Sprinklers: | None |
| Heat Type: | Electricity, Natural Gas |
| Heat Source: | Wall Units |
| Air Conditioning: | Other |
| Zoning Description: | General Business |
| Lot Frontage: | 205 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 4,812 | 21,990 | 37,472 |
| Median Age: | 45.99 | 46.83 | 46.1 |
| Households: | 2,006 | 9,437 | 15,828 |
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