283 S Willow St Manchester, NH

Listing agency Matthews Real Estate Investment Services Show Phone

Listed by Jack Kulick Show Phone

Source Moodyscre

Added: Dec 6, 2024 Updated: Jul 6 at 10:20AM Checked: Jul 21 at 5:04AM

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Investment Insights

Based on property information with market context.

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.

Key Highlights

• 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.

Property Analytics

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Similar Off Market Nearby

• Manchester Collision Center — 150 John E Devine Dr, Manchester, NH 03103
• Dent Wizard — 140 March Ave, Manchester, NH 03103
• Flow Auto Glass Services — 1051 S Willow St, Manchester, NH 03103
• Pep Boys — 875 S Willow St, Manchester, NH 03103
• Henry's Collision Center — 330 March Ave, Manchester, NH 03103

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.