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    283 S Willow St Manchester, NH 03103

    For Sale
    $1,624,000

    NNN leased Jiffy Lube with long-term extension and rent increases.

    Property size:
    2,070 SF
    Lot size:
    0.47 Acres

    Property Features for 283 S Willow St

    General Information

    Size
    2,070 SF
    Lot size
    0.47 Acres

    Source: Matthews Real Estate Investment Services Agent Jack Kulick

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Jiffy Lube Investment Opportunity

    This property is a Jiffy Lube location with a long-term lease that was recently extended, demonstrating the tenant's commitment to the location. The lease is an absolute NNN lease, meaning there are zero landlord responsibilities. The tenant, MC, LLC, is a major Jiffy Lube operator with over 100 locations nationwide, providing a strong guaranty. Rent increases of 10% every 5 years offer a hedge against inflation. The property benefits from corner positioning with dual access from S Willow St. and Alpheus St. Located in an area with dense demographics, the population within a 3-mile radius is approximately 101,887. The property is 2,070 square feet. Quick lube businesses are generally resistant to economic changes. Auto service properties may be eligible for an accelerated depreciation schedule.
    Insight Report Location Intelligence

    Current Use by Public Records

    Jiffy Lube Oil Change Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Manchester Collision Center, Dent Wizard, Flow Auto Glass Services, Pep Boys, Henry's Collision Center

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Merrimack
    State
    New Hampshire
    Longitude
    -71.4539115
    Latitude
    42.9693976

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    FAQs

    What type of property is this?
    Auto shop - NNN leased Jiffy Lube with long-term extension and rent increases.
    Where is this auto shop located?
    The property is located at 283 S Willow St Manchester, NH.
    What is the asking price?
    The asking price for this property is $1,624,000.
    What are key features of this property?
    This property features: - Absolute NNN Lease: Enjoy zero landlord responsibilities.; - Long-Term Lease with Recent Extension: Benefit from tenant commitment and income security.; - Strong Guaranty: Leased to a top Jiffy Lube operator with over 100 locations.
    (760) 642-9942
    Request Owner's contact information
    283 S Willow St Manchester, NH 03103
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    Manchester, NH 03103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    283 S Willow St Manchester, NH 03103
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