MLS Number 4625523
- Year Built 1985
- Acreage 2.88
***Sale List Price is a Suggested Indicative Bid Price Only*** Bean Group Commercial | McInnis & Co. has been retained to exclusively sell The Shoppes at Salem, a 57,100 +/- square foot retail center sited on 2.88 +/- acres on Route 28 in Salem, NH. This high volume retail corridor boasts approximately 40,000 vehicles per day in traffic, and is home to numerous national and regional retailers who benefit from the sales tax free NH location. The two-level center is currently 89% leased to a stable mix of seven retail tenants producing a strong net operating income to the ownership. The majority of the tenants reimburse for their pro-rata share for Taxes, CAM, Insurance and a Management Fee. The property is conveniently located at a signalized traffic light for easy access from the north/south on Route 28, which is by right by recorded access easement to the signal. National retailers in the area include Target, McDonald' s, Market Basket, Home Depot, Best Buy, Pet Smart, Bed Bath & Beyond, DSW, Ashley Furniture, Ford, Toyota, Honda, Taco Bell, Subway, Long John Silvers, Midas, Jiffy Lube, Portland Glass, D' Angelo, Batteries & Bulbs, Cumberland Farms, Chili' s, Sprint, FedEx, and more. Sealed Bids Due April 27, 2017.
Listed by Chris McInnis and Shannon White of Bean Group / Portsmouth