Murphy & Murphy Real Estate
New Hampshire (NH)
Murphy & Murphy Real Estate
Town: Salem, NH
Asking Price: $199,900
Salen NH Sale/Leaseback Investment Property. Business is well established at this location and owner is ready to assure new property owner (landlord) of a steady future cash flow by entering into a long-term rental arrangement.
Worry-free, entry level investment property!
This business condo is offered for sale with a leaseback to the current owner. The property, located in an attractive and convenient high traffic location, can be utilized as either retail or professional office space. The condo complex is a few hundred yards from a Rt 93 exit and offers convenient access north or south. The business has been located there for over five years and the tenant would be prepared to enter into a new extended lease agreement with the new owner.
Currently, the facility is used as a wellness center and day spa. In addition to the reception lobby and four private rooms/offices, the property includes a ½ bath, a shower, a washer/dryer set-up and a supplies storage area. An active condo association has made substantial capital investments in updated parking lots and roofing. Ongoing investments are budgeted through a monthly condo fee of $193/month with expectation that fees would be assumed by the tenant in a NNN lease.
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