Retail Property on 1.8
365 & 353 Portsmouth Ave Greenland, NH
365 & 353 Portsmouth Ave, Greenland, NH, 00000
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For Sale
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Retail property with high visibility on 1.8 +/- acres.
Property Size4,639 SF
Lot Size1.52 Acres
Price / SF$537.83
Days on Market2152
Property Features for 365 & 353 Portsmouth Ave
General Information
- Standard status
- Active
- Size
- 4,639 SF
- Lot size
- 1.52 Acres
- Property subtype
- RETAIL
Listing Agency
Hunkins RE
(603) 433-2690
Listed by
Joe Hunkins
(603) 433-2690
Source
Moodyscre
Added: Aug 29, 2020 Checked: Jul 19 at 5:31 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hunkins RE
Investment Insights
Based on property information with market context.
This retail property includes the Suds-n-Soda Store and an abutting lot, combining for a total size of 1.8 +/- acres. The property is situated at the intersection of Route 33 and Portsmouth Avenue in Greenland, NH. The building has a size of 4,639 square feet. It benefits from high visibility and traffic count.
Key Highlights
- High Visibility Location ensures your business will be seen.
- High Traffic Count provides constant exposure to potential customers.
- Combined Size of 1.8 +/- Acres offers ample space.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $120.8k | $26.04 |
| − Vacancy | −$3.1k | −$0.68 |
| EGI | $117.7k | $25.36 |
| − OpEx | −$29.4k | −$6.34 |
| NOI | $88.2k | $19.02 |
4,639 SF · lease $26.04/SF/yr · vacancy 2.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.26M
$1.10M – $1.47M
NOI $88,244 @ 7.0% cap · market cap 3.54%
Second Best
Retail
$936.9K
$819.8K – $1.09M
NOI $65,582 @ 7.0% cap · market cap 2.63%
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $108,112 @ 7.0% cap · market cap 4.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar For Sale Nearby
Similar Off Market Nearby
- Target Grocery — 1450 Greenland Rd Ste 1, Greenland, NH 03840
FAQs
What type of property is this?
Grocery and convenience store - Retail property with high visibility on 1.8 +/- acres.
Where is this grocery and convenience store located?
The property is located at 365 & 353 Portsmouth Ave Greenland, NH.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: High Visibility Location ensures your business will be seen.; High Traffic Count provides constant exposure to potential customers.; Combined Size of 1.8 +/- Acres offers ample space.
