653 Elm St
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653 Elm St
1,886 SF Retail Building Milford, NH 03055 £458,677 (£243/SF)
Executive Summary
Fully leased 1,886± SF restaurant building located near a prominent intersection on heavily trafficked Route 101 in Milford, NH. Low maintenance investment property with a solid tenant, Zizza Pizza, which has 6.5± years left on a 10-year lease with a 16% rental rate increase at the end of 2025. Large pylon signage and ample on-site parking. Recent upgrades include new plumbing, electrical, roof, and HVAC. Tenant is responsible for all expenses including utilities, taxes, insurance, plowing, landscaping, and more. Surrounding retailers include Market Basket, NH Liquor & Wine Outlet, Dunkin’, Dollar General, and more.
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,886 SF
Building Class
B
Year Built/Renovated
1950/2022
Price
£458,677
Price Per SF
£243
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Lot Size
0.76 AC
Zoning
ICI
Parking
18 Spaces (9.54 Spaces per 1,000 SF Leased)
Frontage
200 ft on Elm St
PROPERTY TAXES
| Parcel Number | MFRD-000013-000000-000002 | Improvements Assessment | £203,653 |
| Land Assessment | £82,243 | Total Assessment | £285,896 |
PROPERTY TAXES
Parcel Number
MFRD-000013-000000-000002
Land Assessment
£82,243
Improvements Assessment
£203,653
Total Assessment
£285,896
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653 Elm St
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