Prime Bedford Retail Sub-Lease

Retail-Commercial for Lease
Catylist Listing ID: 30327326
Property Subtypes: Street Retail
Contiguous Space: 18,866 SF
Building Size (RSF): 18,866 SF
Gross Building Area: 32,355 SF
Gross Land Area: 11.56 Acres
Lease Rate: $15 PSF (Annual)
Base Monthly Rent: $23,582
Lease Types: NNN
Building Name: Route 101 Plaza
Last Updated: 3/16/2019

Overview / Comments

Route 101 Plaza is a highly visible and well established retail plaza with space available for sub-lease along Route 101, Bedford. NH. This location benefits from a signalized intersection at the corner of Route 101 and Wallace Road, that stops or slows traffic before passing this location. There is visible signage from Route 101 on the building and on the Route 101 Plaza monument sign located at the street. Route 101 has 24,000 cars per day passing by this location and demographics for the town include; Median Household Incomes of $125,900 per year and a population of 19,800 within a 3 mile radius and 100,800 at a 5 mile radius.

The property is located in the commercial zoning district which allows for many uses including restaurants, fitness center, day spa, medical office, urgent care, pharmacy and other tradition retail sales.

The existing lease lease expires 1/31/2022 with options that extend the lease to 1/31/2037.

Expand All Available Space

Suite: Unit 1 18,866 SF $15 PSF (Annual) NNN
Level/Floor: 1st
Space Available: 18,866 SF
Lease Rate: $15 PSF (Annual)
$23,582 (Monthly)
Lease Type: NNN
Space Description: The space is currently occupied and set-up for a grocery store use. The space is the shape of a square, see floor plan. There is a compactor pad, a concrete pad for storage cooler and a loading dock located in the back of the unit. FF&E will be removed prior to new tenants occupancy. Occupancy is negotiable based on sub-tenants timeframe.
Date Available: 8/29/2018
Space Type: Sublet
Sublease Expiration Date: 1/31/2037
Parking Spaces 134
Tax Expenses $2.20 PSF (Annual)
CAM Expenses $2 PSF (Annual)

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Taxing Authority: Town of Bedford
Tax ID/APN: 20/39
Zoning: COMMERCIAL (CO)
Retail Clientele: General, Family, Business, Traveler
Property Located Between: Manchester and Amherst
Property Visibility: Excellent
Largest Nearby Street: Route 101
Feet of Frontage: 740
Traffic/Vehicle Count: 24,000
Highway Access: Excellent highway access via a controlled intersection at the corner of Route 101 and Wallace Road.
Airports: Manchester-Boston Regional Airport
Site Description: The site is level with newly installed sidewalks in front of the property along the newly expanded Route 101 highway.
Area Description: The Route 101 Plaza is located in the center of Bedford on the State's only East /West Highway (Route 101) when traveling from the Seacoast to Vermont. Bedford, NH has one of NH's highest demographics for median household income at $126,000 and educated population with 32% obtaining bachelor degrees and 24% obtaining graduate or professional degrees.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Good
Year Built: 1975
Roof Type: Flat
Construction/Siding: Brick/Vinyl Siding
Exterior Description: The perimeter of the plaza and the interior islands are nicely landscaped and maintained. There is a monument sign located along Route 101 providing tenants signage opportunities to traffic traveling East and West on Route 101.
Total Parking Spaces: 134
Parking Ratio: 4 (per 1000 SF)
Parking Type: Surface
Parking Description: The Plaza is service by an on-site surface parking lot with no dedicated spaces.
Air Conditioning: Package Unit
Interior Description: The interior of the premises is currently set-up as a grocery store with checkout counters, display aisles, bakery, deli area, storage area, walk-in cooler, customer service area, meat prep, deli prep areas and some office space.
Zoning Description: Commercial Zone (CO)
Lot Frontage: 740
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 28,614 127,778
Median Age: 41.58 37.5
Households: 10,240 49,597

Contact

Photograph of Listing Agent

Mike Harrington, CRE, CCIM

Harrington & Company NECPE Member
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