48 Concord Road is aland property for lease in Durham, NH.
One of the most strategic retail sites in the NH Seacoast Region. Land that contains Mobil On the Run(gas/convenience with car wash) facility and excess developable land located on both Rt. 125 and Rt. 4. High Visibility and high volume operation with additional pad site. Asking Sale Price: $1.9 M - full property. Current income: +/- $80,000/yr on Mobil portion until 2016. Deal structure: $1 Million at closing (initial 8% yield )
Payment balance: Seller financed $900,000 mortgage note accruing at 6% per year for 6 years. Balloon payment 2016.
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- Chris Norwood, agent and Rofo Pro