419 S Broadway
Salem, NH 03079
The Shoppes at Salem · Retail Property For Sale

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. Salem is the first New Hampshire town encountered when traveling north from Massachusetts on Interstate 93. The interstate's first two New Hampshire exits are within town. Via I-93, Boston is 35 miles (56 km) to the south and Manchester is 20 miles (32 km) to the northwest. The Salem town seal, with its motto, "Industry, Commerce, Recreation," serves as a perfect backdrop for the community's unique assets - location, accessibility, unspoiled natural resources and a pro-business attitude. It's a combination that will serve as a guide to prosperity well into the new century. Salem mixes small town, rural living with the advantages offered by a city. Add to that being located in "the most livable" state in the country, one of the most favorable business climates anywhere, easy access to Boston (not to mention the entire Northeast and Canada) and an educated, highly motivated and dedicated workforce and you have the ideal place to live, work, and raise a family.