Modified Triple-Net Office
For Sale
Contact for pricing
Pending
129 Spruce St, Manchester, NH 03103
Modified triple-net office lease with approximately 8.5 years remaining and limited landlord responsibilities, plus 2.5% annual increases.
Property SizeContact for details
Days on Market122
Property Features for 129 Spruce St
General Information
Standard status
Pending
Property subtype
Office
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Aug 10 at 8:11AM
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 SURMOUNT
Investment Insights
Based on property information with market context.
This offering features modified triple-net lease terms with an original 12-year structure and extremely limited landlord responsibilities. Approximately 8.5 years of term remain. The lease includes two- and five-year tenant renewal options with rental adjustments that incorporate two and a half percent (2.50%) annual rental increases, which step to fair market value during the renewal periods.
The corporate guaranty is provided by Granite Recovery Holdings, LLC, with the parent company listed as BayMark Health Services, Inc. The property is addressed at 129 Spruce St in Manchester, NH 03103.
For investors and buyers evaluating credit-backed income streams, the combination of a corporate guaranty, controlled landlord obligations, and scheduled rent growth provides a structured cash flow profile through the remaining lease term and renewal periods.
The corporate guaranty is provided by Granite Recovery Holdings, LLC, with the parent company listed as BayMark Health Services, Inc. The property is addressed at 129 Spruce St in Manchester, NH 03103.
For investors and buyers evaluating credit-backed income streams, the combination of a corporate guaranty, controlled landlord obligations, and scheduled rent growth provides a structured cash flow profile through the remaining lease term and renewal periods.
Key Highlights
- Modified triple‑net lease with approximately 8.5 years remaining and extremely limited landlord responsibilities
- Original 12‑year modified triple‑net lease structure
- Corporate guaranty from Granite Recovery Holdings, LLC
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,584
Businesses Nearby
Explore this area
Business Placement
Demographics for 03103, NH
38,039
Population
16,166
Households
2.4
Avg Household Size
36
Median Age
24%
College-Educated
82%
High-School Grad
9.2 sq mi
ZIP Area
4,135
Density / Sq Mi
$70,049
Median Household Income
$41,243
Median Earnings
$1,322
Median Rent
$313,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
NNN property - Modified triple-net office lease with approximately 8.5 years remaining and limited landlord responsibilities, plus 2.5% annual increases.
Where is this nnn property located?
The property is located at 129 Spruce St Manchester, NH.
What are key features of this property?
This property features: Modified triple‑net lease with approximately 8.5 years remaining and extremely limited landlord responsibilities; Original 12‑year modified triple‑net lease structure; Corporate guaranty from Granite Recovery Holdings, LLC
