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8 Stiles Rd
Salem, NH 03079
Asking Price
$498K
Cap Rate
8%
Asset Type
Storefront Retail
Class
Class B
What's Special
Retail | 8.00% CAP | 2,367 SqFt <ul><li>Fully leased NNN commercial condo at 8 Stiles Rd, Suite 106 in Salem, NH</li><li>ParkWest Village is a 12-unit condominium located at the lighted intersection of Stiles Road and Pelham Road</li><li>The tenant, MyEyeDr, a national eye care brand with 900+ locations, recently renewed their lease through October 2027, with two additional renewal options extending through April 2032</li><li>The lease is NNN with no landlord responsibilities and no management obligations</li></ul>
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NOI
$80,000
Cap Rate
16.06%
DSCR
2.71
Strong
Cash-on-Cash
33.76%
Monthly Payment
$2,463.832
Annual Cash Flow
$50,434.013
