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Prime Retail Opportunity – 7, 000 SF on Route 1 in Portsmouth, NH Located at 2299 Lafayette Rd, Portsmouth, NH, this 7, 000 SF retail space offers an exceptional opportunity in a high-visibility location along Route 1, with ~16, 000 vehicles per day ensuring maximum exposure. This property was originally built for Advance Auto Parts in 2010 and is now available for lease for the first time. With 42 dedicated parking spaces and a highly competitive lease rate of $23/SF NNN, this site is perfect for retail, fitness, showroom, or specialty uses. Surrounded by major national brands, the property sits between Taco Bell and the newly opened Common Man Roadside, with Walmart just a few properties down the street. Across the street, Portsmouth Green is a thriving mixed-use development featuring Pinz, McKinnon’s Market, Tesla, Petco, Dough, Restore Hyper Wellness, Cycle Fierce, Pure Barre, Orange Theory, The 99, and Starbucks. Additionally, the area is experiencing significant residential growth, with hundreds of new units under construction, driving increased demand for retail and services. This is a rare chance to secure a prime retail location in one of New Hampshire’s most active commercial corridors. The combination of high traffic, strong co-tenancy, and competitive lease rates makes this a standout opportunity for retailers looking to expand into Portsmouth’s booming market.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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Loan Amount | $18 | $18 | $18 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.490% | 5.490% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.695% | 6.649% | 5.764% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $0 | $0 | $0 |
Total Monthly Payment | $75 | $75 | $75 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.