577 Mast Rd | Manchester, NH 03102
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577 Mast Rd
Manchester, NH 03102
Rite Aid Manchester, NH Abs Net Increases · Retail Property For Sale
Investment Highlights
- CORPORATE GUARANTEE - Income guaranteed by Rite Aid Corporation with over 2,400 locations.
- NEAR MANCHESTER WITH LIMITED COMPETITION - Located just 3.5 mi NW of Downtown Manchester and is the 2nd busiest Rite Aid in a 15-mi radius.
- STRONG EMPLOYMENT NEARBY - Major employers in the area include Catholic Medical Center (2,000 employees) and Saint Anselm College (799 employees).
- ABSOLUTE NET LEASE WITH 10% INCREASES IN THE OPTIONS - Lease operates on an absolute net basis with 10% increases every 10 years in the options.
- ONE BLOCK FROM ±170,000 SHOPPING CENTER – One block from the subject property is Shaw's Plaza anchored by Big Lots, Dollar Tree and Planet Fitness.
- SOLID DEMO AND HOUSEHOLD INCOME - Area demos include 133,768 residents with a median HH income of $67,149 within a 5-mi radius.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
14,673 SF
Building Class
B
Year Built
2009
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.85 AC
Zoning
C
Parking
40 Spaces (2.73 Spaces per 1,000 SF Leased)
Frontage
212 FT on Mast Rd
Amenities
- Drive Thru
PROPERTY TAXES
| Parcel Number | 18 60 | Improvements Assessment | $4,079,800 |
| Land Assessment | $1,137,000 | Total Assessment | $5,216,800 |
PROPERTY TAXES
Parcel Number
18 60
Land Assessment
$1,137,000
Improvements Assessment
$4,079,800
Total Assessment
$5,216,800
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