South Willow Shops | 926-950 S Willow St
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South Willow Shops 926-950 S Willow St
9,869 SF 100% Leased Retail Building Manchester, NH 03103 $5,231,427 ($530/SF) 7% Cap Rate
Investment Highlights
- Long Term Leases
- Scheduled Rent Increases
- Visibility & Signage
- Minimal Landlord Responsibilites
- Strategic Retail Location
- High Strong Counts
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase South Willow Shops, a well-maintained retail plaza located at 926-950 S Willow Street in Manchester, New Hampshire (the “Property”). South Willow Shops is a 9,869 square foot retail plaza on a 0.95-acre parcel that is 100% leased to a complimentary mix of four nationally or regionally recognized tenants. The center is leased to Chipotle, Mattress Firm, Hannoush Jewelers, and The Great Greek Mediterranean Grill. Each of the tenants have net leases making it an attractive investment for the passive investor and protecting the in-place cash flow against rising costs of service and labor. The South Willow Shops are well located along S Willow Street (NH Route 28), the area’s primary commercial and commuter corridor in the South End of Manchester. Positioned at a traffic light, the South Willow Shops enjoy outstanding frontage, visibility, signage and access and are 0.6-miles from Interstate 293 and 1.6-miles from Interstate 93. The Property is surrounded by large shopping centers and national retailers and restaurants that drive traffic to the area and is 0.5-miles from Manchester Memorial High School, 1-mile from the Mall of New Hampshire, and is 2-miles from Downtown Manchester, Southern New Hampshire University, and the Manchester-Boston Regional Airport.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,869 SF
Building Class
C
Year Built
1988
Price
$5,231,427
Price Per SF
$530
Cap Rate
7%
NOI
$366,200
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
0.95 AC
Zoning
C - Commercial
Parking
15 Spaces (1.8 Spaces per 1,000 SF Leased)
Walk Score ®
Very Walkable (72)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | MNCH-000925-000000-000085 | Improvements Assessment | $838,500 |
Land Assessment | $744,500 | Total Assessment | $1,583,000 |
PROPERTY TAXES
Parcel Number
MNCH-000925-000000-000085
Land Assessment
$744,500
Improvements Assessment
$838,500
Total Assessment
$1,583,000
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South Willow Shops | 926-950 S Willow St
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