Triple-Net QSR
For Sale
Contact for pricing
322 South Broadway, Salem, NH 03079
Leasehold interest for Taco Bell/Long John Silver's with corporate guarantee and 8+ years remaining on the base term.
Property SizeContact for details
Days on Market119
Property Features for 322 South Broadway
General Information
Standard status
Active
Property subtype
Retail, Land
Occupancy
100%
Additional Details
Business Included
Yes
Traffic Count
28,000 vehicles/day
Building Details
Tenancy
Single
Listing Agency:
Horvath & Tremblay
(781) 776-4002
Listed By:
Dennis Kelleher · License #MA 9504385
Source:
Crexi
Added: Apr 10
Changed: Jul 21
Last Checked: Jul 23 at 8:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Horvath & Tremblay
Investment Insights
Based on property information with market context.
This offering is a leasehold interest in a Taco Bell/Long John Silver's property under a corporate guaranteed triple-net (NNN) lease originally signed in 2004. The lease has 8+ years remaining on the base term and includes four five-year options. A 10% rental escalation is scheduled to occur every five years throughout the base term and at the beginning of each option period.
The site is positioned along S. Broadway with direct street frontage and high visibility. S. Broadway (Route 28) is described as the main retail and commuter thoroughfare through Salem, New Hampshire, with traffic counts in excess of 28,000 vehicles per day. The surrounding retail area is noted as established, with numerous national and regional tenants including Home Depot, Lowe’s, CVS Pharmacy, McDonald’s, HomeGoods, Market Basket, Bed, Bath, & Beyond, and AC Moore, among others.
The site is positioned along S. Broadway with direct street frontage and high visibility. S. Broadway (Route 28) is described as the main retail and commuter thoroughfare through Salem, New Hampshire, with traffic counts in excess of 28,000 vehicles per day. The surrounding retail area is noted as established, with numerous national and regional tenants including Home Depot, Lowe’s, CVS Pharmacy, McDonald’s, HomeGoods, Market Basket, Bed, Bath, & Beyond, and AC Moore, among others.
Key Highlights
- Leasehold interest for Taco Bell/Long John Silver's at 322 S Broadway, Salem, NH
- $96,800 annual lease income from Taco Bell/Long John Silver's; $52,000 annually paid to ground lease owner (net $44,800 annually)
- Original corporate guaranteed 20‑year triple net (NNN) lease signed in 2004 with 8+ years remaining and (4) five‑year options
Property Analytics
Current Use
Lease Details
28,000 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
407
Businesses Nearby
443k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 27%
Home Improvements & Furnishings 25%
Groceries 17%
Electronics 13%
Market Basket
Groceries
76,416 visits/mo
0.5 miles
Best Buy
Electronics
58,072 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
53,480 visits/mo
0.3 miles
Michaels
Shops & Services
38,968 visits/mo
0.3 miles
World Market
Home Improvements & Furnishings
33,825 visits/mo
0.2 miles
Demographics for 03079, NH
30,095
Population
13,511
Households
2.2
Avg Household Size
46
Median Age
39%
College-Educated
96%
High-School Grad
24.8 sq mi
ZIP Area
1,214
Density / Sq Mi
$101,339
Median Household Income
$59,515
Median Earnings
$1,487
Median Rent
$438,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Leasehold interest for Taco Bell/Long John Silver's with corporate guarantee and 8+ years remaining on the base term.
Where is this conventional restaurant located?
The property is located at 322 South Broadway Salem, NH.
What are key features of this property?
This property features: Leasehold interest for Taco Bell/Long John Silver's at 322 S Broadway, Salem, NH; $96,800 annual lease income from Taco Bell/Long John Silver's; $52,000 annually paid to ground lease owner (net $44,800 annually); Original corporate guaranteed 20‑year triple net (NNN) lease signed in 2004 with 8+ years remaining and (4) five‑year options
