Well-Located Retail Strip Center

Shopping Center for Sale
Catylist Listing ID: 30654972
Property Subtypes: Strip Center
Building Size (RSF): 40,477 SF
Gross Building Area: See Agent
Sale Price: $3,990,000
Unit Price: $98.57 PSF
Property Use Type: Investment
Building Name: Monadnock Community Plaza
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/26/2020

Overview / Comments

We are pleased to present Monadnock Community Plaza, a 12-unit strip center in an affluent community located on Route 202 just south of the Route 101/202 signalized intersection in Peterborough, NH. This highly visible and well-located 40,477± SF property sits on just under 6 acres. Dollar General is the anchor tenant and joined the center in 2018. Other stable tenants include Monadnock Canine Center and several restaurants, including two of the best destination restaurants in the area, Bantam Grill and Pearl Restaurant & Oyster Bar. Extensive renovations were completed in 2018, including replacement of the sewer line running behind the building. Since acquiring the property in 2013, the owners have installed new LED lighting, a new pylon sign, some new HVAC rooftop units, and some new storefront glass. Opportunity for a new owner to add value by increasing some rents, broadening the tenant mix, and making additional improvements to the center. Local neighbors include TD Bank, Peterboro Basket Company, a Mobil gas station and Alltown convenience store, Dunkin’ Donuts, and GFA Credit Union.

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: U021-020-000
Zoning: COMMERCIAL
Property Visibility: Excellent
Largest Nearby Street: Jaffrey Road
Feet of Frontage: 701
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1975
Year Renovated: 2018
Parking Type: Surface
Parking Description: Ample
Heat Type: Propane
Lot Frontage: 701
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 856 6,188 13,072
Median Age: 47.98 45.28 44.19
Households: 407 2,723 5,323

Contact

Photograph of Listing Agent

Dan Scanlon, JD, CCIM

Colliers International NECPE Member
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