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Single-Tenant Office Medical

Granite Recovery Center

241 Auburn St, Manchester, NH 03103

Listing Price: $611,102

Cap Rate
7.00%
Tenant Name
Granite Recovery Center
Years Remaining On Lease
8.2
Guarantor
Corporate Guarantee
Rentable SF
3,672
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.65

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Granite Recovery Center located in Manchester, New Hampshire. The property consists of 3,672 square feet of building space and is situated on roughly 0.12 acres of land. The property is subject to a modified triple-net lease with extremely limited landlord responsibilities. The lease calls for two and a half percent (2.5%) rental increases that continue through the base term and adjust to fair market value throughout the three, five-year tenant renewal options. The guarantor on the lease, Granite Recovery Holdings, LLC, is a wholly owned subsidiary BayMark Health Services Inc., the leading provider of evidence-based opioid use disorder treatment services in North America.

Investment Highlights

  • Modified Triple-Net Leases: Original 12-year modified tripe-net lease including extremely limited landlord responsibilities | Approximately 8.5 years of term remaining
  • Corporate Guaranty: Granite Recovery Holdings, LLC
  • Parent Company: BayMark Health Services, Inc.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Thomas Shihadeh

    Vice President/Regional Manager

    (617) 896-7220

    License(s) NH: 077795

    New Hampshire

Financing By

Single-Tenant Office Medical

Granite Recovery Center

Listing Price: $611,102

Cap Rate
7.00%
Tenant Name
Granite Recovery Center
Years Remaining On Lease
8.2
Guarantor
Corporate Guarantee
Rentable SF
3,672
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.65

Investment Highlights

  • Modified Triple-Net Leases: Original 12-year modified tripe-net lease including extremely limited landlord responsibilities | Approximately 8.5 years of term remaining
  • Corporate Guaranty: Granite Recovery Holdings, LLC
  • Parent Company: BayMark Health Services, Inc.

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Granite Recovery Center located in Manchester, New Hampshire. The property consists of 3,672 square feet of building space and is situated on roughly 0.12 acres of land. The property is subject to a modified triple-net lease with extremely limited landlord responsibilities. The lease calls for two and a half percent (2.5%) rental increases that continue through the base term and adjust to fair market value throughout the three, five-year tenant renewal options. The guarantor on the lease, Granite Recovery Holdings, LLC, is a wholly owned subsidiary BayMark Health Services Inc., the leading provider of evidence-based opioid use disorder treatment services in North America.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Thomas Shihadeh

    Vice President/Regional Manager

    (617) 896-7220

    License(s): NH: 077795

    New Hampshire

Financing By

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