Investment Property for Sale

Shopping Center for Sale
Catylist Listing ID: 30447191
Property Subtypes: Strip Center
Building Size (RSF): 50,590 SF
Gross Land Area: 11.08 Acres
Sale Price: $7,250,000
Unit Price: $143.31 PSF
Property Use Type: Investment
Building Name: Carriage Towne Plaza
Usable Size (USF): 50,590 SF
Sale Terms: Cash to Seller
Auction Type: Absolute
Cap Rate: 7.53%
Average Occupancy Rate: 100
Last Updated: 7/19/2019

Overview / Comments

NAI Norwood Group, as exclusive agents, are pleased to offer for sale the fee simple interest in Carriage Towne Plaza, 53 Church Street, in Kingston, New Hampshire. Carriage Towne Plaza is a multi-tenanted retail shopping center including a 29,959 SF building and a 20,631 SF building. Located just off Route 125, the Plaza provides excellent accessibility and visibility with over 14,000 vehicles per day.
The property is currently 100% leased to a diverse mix of national, regional and local tenants, which generates stable cash flows. Carriage Towne Plaza is an exciting investment opportunity, offering credit quality tenants in a desirable location, with ample parking.
*Main Shopping Center in Kingston
Located conveniently between Epping and Plaistow on Rt 125 with great frontage.
*4 National Credit Tenants  Rite Aid, TD Bank, USPS, Dunkin’ Donuts
*Tax Free NH
*48 Miles North of Boston
*24 Miles South West of  Portsmouth
*High Deposit TD Bank $104,000,000 as of 2018
*Highly Diversified Tenant base

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Tax ID/APN: 000R34000001000000
Retail Clientele: General, Family, Business, Traveler
Property Visibility: Excellent
Largest Nearby Street: Route 125
Feet of Frontage: 1,600
Traffic/Vehicle Count: 14,000
Highway Access: Take exit 7 off Route 101, then head south on Route 125 for 6 miles then take a right onto Church Street. The property will be the first building on your left.
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Excellent
Year Built: 1983
Year Renovated: 2015
Roof Type: Gable
Construction/Siding: Wood Frame
Parking Ratio: 3.6 (per 1000 SF)
Parking Type: Structure
Parking Description: Ample onsite paved parking
Total Parking Spaces: 184
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Lot Frontage: 1600
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,866 9,920 37,300
Median Age: 42.68 43.03 42.91
Households: 680 3,568 13,913


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