Retail Strip Center Investment for Sale, Concord, NH

Retail-Commercial for Sale
Catylist Listing ID: 30620363
Property Subtypes: Free-Standing Building, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 17,915 SF
Gross Building Area: 21,247 SF
Gross Land Area: 1.79 Acres
Sale Price: $1,385,000
Unit Price: $77.31 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Usable Size (USF): 17,915 SF
Sale Terms: Cash to Seller
Cap Rate: 9.08%
Last Updated: 9/15/2020

Overview / Comments

Investment - Retail strip center in Concord, NH for sale. Approximately 18,000 SF with gross income of nearly $200,000 (NOI of approx. $129,000). Great mix of tenants including Subway, gym, eye center and pharmacy. Currently only one small vacancy (1,200 SF), soon to be filled. Solid investment but plenty of upside, too. Mix of NNN and modified gross leases. Assessed above full asking price. Complete NDA for full financial details.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $51,706 (Annual)
Tax Value Land $645,000
Tax Value Improvements $1,216,300
Assessed Value - Total($) $1,861,300 (Annual)
Potential Rental Income $198,361 (Annual)
Net Operating Income $125,747 (Annual)
Actual or Proforma Year Actual

Current Tenants

Tenant Business Name Subway
Tenant Business Name Eye care center
Tenant Business Name All Out Fitness
Tenant Business Name Master Gelo Martial Arts
Tenant Business Name Fisherville Pharmacy

Additional Details

Nearest MSA: Concord
County: Merrimack
Tax ID/APN: 201P-3
Zoning: CG - COMMERCIAL
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Located Between: Fisherville Road and Borough
Property Visibility: Excellent
Largest Nearby Street: Fisherville Road, Route 3
Feet of Frontage: 497
Traffic/Vehicle Count: 12,000
Highway Access: Route 3 and I-93
Airports: Concord Regional and Boston-Manchester
Site Description: Ample parking and excellent visibility
Area Description: Growing area with expanding population and new construction.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 17,915 SF
Property Condition: Excellent
Year Built: 1986
Total Parking Spaces: 111
Parking Type: Surface, Other
Parking Description: 66 spaces plus non-exclusive use of 45 additional spaces on next door lot 3-1.
Sprinklers: Wet
Heat Type: Natural Gas, Other
Heat Source: Central, Other
Air Conditioning: Package Unit, Other
Zoning Description: CG - Commercial
Lot Frontage: 497.28
Lot Depth: 504.17
Water Service: Municipal
Sewer Type: Municipal
Easements: Other

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,110 18,843 36,628
Median Age: 36.03 39.31 38.65
Households: 2,983 7,100 14,870
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.