Concord, NH - Fully leased retail center, 25,665 +/- SF, for Sale

Shopping Center for Sale
Catylist Listing ID: 30500525
Property Subtypes: Community Center, Mixed Use, Neighborhood Center, Net Leased, Outlet Center, Strip Center, Other
Building Size (RSF): 25,665 SF
Gross Land Area: 5.24 Acres
Sale Price: $3,150,000
Unit Price: $122.74 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 9.11%
Last Updated: 9/15/2020

Overview / Comments

Fully leased modern plaza with excellent mix of tenants for sale. $276,859 NOI. Located on busy Concord, NH corridor. Anchored by Family Dollar and Veterinary hospital. Other long-standing tenants include HR Block, salon, and restaurants. Public water and sewer. Natural gas. Large parking lot on 5.24 +/- acre lot. Excellent signage. $3,150,000
*Financials provided with completion of Confidentiality Agreement.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $47,088 (Annual)
Net Operating Income $286,896 (Annual)
Gross Operating Income $358,859 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Concord
County: Merrimack
Tax ID/APN: Map 301, Lot Z-11
Zoning: CG
Retail Clientele: General, Family, Business, Other
Property Visibility: Excellent
Largest Nearby Street: DW Highway
Feet of Frontage: 180
Traffic/Vehicle Count: 9,500
Highway Access: From South: Take I-93 North to Concord. Merge onto US-202 W / US-4 W via Exit 15W toward US-3 / N. Main St. Go 0.6 miles then Turn Right onto Boulton St / US-3 / D.W. Highway. US-3, D.W. Highway turns into Fisherville. Property up 3.8 miles on right.
Airports: Manchester / Boston
Site Description: Fully leased modern plaza with excellent mix of tenants for sale. $276,859 NOI. Located on busy Concord, NH corridor. Public water and sewer. Natural gas. Large parking lot on 5.24 +/- acre lot. Excellent signage.
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1989
Roof Type: Gable
Exterior Description: Clapboard
Parking Type: Surface
Total Parking Spaces: 100
Sprinklers: Wet, Dry
Heat Type: Other
Heat Source: Other
Air Conditioning: Other
Zoning Description: CG
Lot Frontage: 188.66
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,965 18,536 41,926
Median Age: 35.44 38.59 39.11
Households: 1,163 6,962 17,090
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