SOLD | The 97 Shops Plaza a 100% leased mixed-use retail and office center anchored by People’s United Bank in tax-free Salem, New Hampshire. This fully leased property features 29,000+/- SF of retail and office space with many long-term tenants. The 97 Shops offers the value-focused investor the opportunity to enjoy near-term cash flow to bring the rent roll to market rates while also exploring development options among the 10+ acre site.
The 97 Shops Plaza is a well-known community staple conveniently located along a highly trafficked intersection with 30,000+/- vehicles per day. The asset is strategically positioned along the Massachusetts border, capturing many consumers seeking tax-free services.
Access the digital offering memorandum here: https://masscommercialproperties.com/listings/?propertyId=805521-sale
Greater Boston Commercial Real Estate Sales Trends to Watch: https://masscommercialproperties.com/boston-commercial-real-estate-market-sales-trends/