For Sale | NNN | Rite Aid | Manchester, NH

Retail-Commercial for Sale
Catylist Listing ID: 30712156
Property Subtypes: Convenience Store, Free-Standing Building
Building Size (RSF): 13,478 SF
Gross Building Area: See Agent
Gross Land Area: 2.05 Acres
Sale Price: $3,950,000
Unit Price: $293.07 PSF
Ceiling: 12 ft.
Has Drive-Thru? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Building Name: Rite Aid
Usable Size (USF): 13,478 SF
Sale Terms: Cash to Seller
Cap Rate: 6.29%
Average Occupancy Rate: 100
Last Updated: 3/31/2021

Overview / Comments

NNN Rite Aid Pharmacy for sale with a base lease term through July 31, 2028, plus 8 x 5-year options. Rent escalates 10% every 10 years with an in-place NOI of $248,270. This Rite Aid is the closest pharmacy to Elliot Hospital, founded in 1890, which is one of two hospitals in tax-free Manchester, New Hampshire. Convenient double drive-thru made this essential retailer easy to access for patients and customers as well as a 2+ acre lot featuring over 117 parking spaces.

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: 170-12
Zoning: COMMERCIAL - LAND CLASS: C
Retail Clientele: General, Family
Property Located Between: Mammoth Road and Tarrytown Road
Largest Nearby Street: Mammoth Road
Feet of Frontage: 150
Highway Access: I-93
Airports: Manchester-Boston Regional Airport
Area Description: Manchester, 270 Mammoth Road is located in the heart of Manchester. Its location is in the very near vicinity of multiple medical facilities including Eliot Hospital.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 13,478 SF
Property Condition: Good
Year Built: 1998
Construction/Siding: Brick/Vinyl Siding
Total Parking Spaces: 117
Parking Ratio: 4.5 (per 1000 SF)
Parking Type: Surface
Parking Description: Paved lot
Sprinklers: Wet
Heat Source: Heat Pump
Zoning Description: Commercial - Land Class: C
Lot Frontage: 150

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 24,195 98,479 142,873
Median Age: 37.31 36.9 37.33
Households: 9,734 40,761 57,317

Contact

Photograph of Listing Agent

Jeremy Cyrier

Mansard NECPE Member
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