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100-102 Boston St 2,342 SF of Retail Space Available in Salem, MA 01970
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,342 SF | Negotiable | $46.63 CAD/SF/YR $3.89 CAD/SF/MO $109,200 CAD/YR $9,100 CAD/MO | Triple Net (NNN) |
1st Floor
The Mega Group is pleased to present this single-tenant retail / restaurant location situated on 16,788 +/- square feet of land. The subject property is a 2,342 +/- square foot commercial building located at 100-102 Boston Street in Salem Massachusetts with two (2) curb cuts and featuring two-way lit marquee signage. Natural Gas and Electric is on-site. Options include as-is condition as a restaurant with over $150,000 of equipment already in place in brand new condition, including a 14-foot custom fabricated hood system. FF&E Market Valuation Quote available upon request. There is a myriad of NNN land lease options to the user: Existing commercial building as a restaurant with existing FF&E in-place for a nominal fee, existing commercial building as a retail establishment with FF&E removed at Landlords expense, commercial re-development to include a drive-thru that may require permitting, or through extensive permitting a hybrid of commercial and residential use taking advantage of the multiple zoning districts.
- Lease rate does not include utilities, property expenses or building services
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 2,342 SF | Gross Leasable Area | 2,342 SF |
| Property Type | Retail | Year Built | 1951 |
| Property Subtype | Restaurant | Parking Ratio | 10/1,000 SF |
| Total Space Available | 2,342 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 2,342 SF |
| Year Built | 1951 |
| Parking Ratio | 10/1,000 SF |
About the Property
100-102 Boston Street in Salem is taxed and assessed as commercial with about just less than half the parcel resting in B2 (Business) zoning and the balance being R2 (Residential) zoning with an existing curb cut on Beaver Street. Boston Street is the main artery taking you from downtown historic Salem and it's Gallows Hill and McIntyre Districts to Route 128 N/S via Peabody Square.
Nearby Major Retailers
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100-102 Boston St
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