154 Main St
Colebrook, NH 03576

Main Street Plaza consists of 15,000 square feet of retail located on 0.89 acres in Colebrook, New Hampshire. The plaza on the main retail corridor in Colebrook and features signage and a two points of ingress and egress on Main Street (Rt. 3) and Park Street (Rt. 145). Colebrook is a shopping hub for the surrounding communities and draws more than 20,000 shoppers from 30 miles around with an average household income of $55,000. The growing area is on the cusp of major rejuvenation thru the Balsams Resort expansion plan; aimed at expanding the resort into the Northeast’s largest three season resort offering hundreds of acres of skiing, condos, hotel rooms and 18 hole, Donald Ross golf course. Located only ten miles from the subject property, the renovation of the Balsams will bring thousands of tourists to the area as well as hundreds of new jobs. Family Dollar has successfully operated in the location since 2006 and is currently in the first of six options periods. In 2014 Family Dollar expanded their footprint in the plaza from 8,300 to 10,000 square feet, exemplifying a strong interest in remaining at the location. At the same time, Family Dollar exercised their first option period three years early, proving their commitment to the site. This belief in Colebrook being an ideal market for Family Dollar is grounded by the fact that a majority of residents in Colebrook, and the surrounding towns use Family Dollar as their primary shopping location. Over the last five years, sales have increased more than 20% to nearly $2,500,000 and percentage rent has been triggered every year since 2012. Lin-Jo Creations has been at the location since 2012 and has signed and honored multi-year leases with the landlord. Currently, Lin-Jo and Northern Treasures are operating as tenants at will, in order to provide flexibility for a future owner. Main Street Plaza is located in a Qualified Opportunity Zone and there is significant value-add potential by renovating the property’s second floor. Given the property's location in the scenic, northern region of New Hampshire, and so close to the Balsams redevelopment, buyers can make use of the tax designation. Buyers may seize this tremendous opportunity by building out apartments or condos on the second floor for year-round tenants or seasonal tourists.