322 South Broadway Salem, NH 03079

Listing agency Horvath & Tremblay Show Phone

Listed by Dennis Kelleher · License #MA 9504385

Source Crexi

Added: Apr 10 Updated: Jul 21 at 12:19AM Checked: Jul 21 at 12:19AM

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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.

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

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FAQs

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