381 Portsmouth Ave Greenland, NH

Retail-Commercial for Sale
Catylist Listing ID: 30873813
Property Subtypes: Convenience Store, Mixed Use, Street Retail, Other
Building Size (RSF): 9,133 SF
Gross Building Area: See Agent
Sale Price: $2,400,000
Unit Price: $262.78 PSF
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/16/2024

Overview / Comments

The center of Greenland, NH revolves around 381 Portsmouth Avenue! At the most trafficked intersection in town lies this prominent multi-tenanted building. Anchored by a long term Dunkin Donuts lease, this property is the first thing drivers will see when coming to and from the surrounding communities.

Ample parking, high visibility, and oversized illuminated signage enable this site to welcome businesses of all capacities.

Investors will immediately inherit stabilized rents as well as opportunities to incorporate new tenants.

Listing Agent related to Seller.

Current Tenants

Tenant Business Name Dunkin Donuts
Tenant Business Name Edward Jones
Tenant Business Name Passport Center
Tenant Business Name Greenland Famous Roast Beef
Is Renting? Yes

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Tax ID/APN: U04-021-000
Zoning: COM
Retail Clientele: General, Business
Property Located Between: Stratham & Portsmouth
Property Visibility: Excellent
Largest Nearby Street: Route 33
Feet of Frontage: 255
Traffic/Vehicle Count: 33,000
Highway Access: Route 95, Route 33
Airports: Pease
Site Description: Highly visible 4-way signaled intersection on the main thoroughfare between Stratham, Greenland, and Portsmouth. Elevated for peak exposure and signage
Area Description: Established residential community with Greenland Central school just .5mi from site, office / industrial mix scattered within .5mi of site.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 5,200 SF
Property Condition: Good
Year Built: 1998
Roof Type: Gable
Construction/Siding: Vinyl Siding, Wood Frame
Exterior Description: Vinyl siding
Total Parking Spaces: 32
Parking Type: Surface
Parking Description: Mixed, open parking amongst all tenants
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, Fiber Optic
Zoning Description: Commercial
Lot Frontage: 375
Lot Depth: 120x229
Water Service: Municipal
Sewer Type: Septic
Easements: Pipelines, Electric Lines, Utilities
Easements Description: Gas Utility Easement at northern corner

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 13,191 48,337
Median Age: 41.07 43.46
Households: 5,724 21,320


Photograph of Listing Agent

Andrew Samonas

Samonas Realty NECPE Member
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