926-950 Willow StManchester, NH 03103

  • Retail properties
  • 9,869 SF
For Sale
$5,231,427 View listing

Property Details for 926-950 Willow St

Year built
1988
Lot size
0.95 AC
Property size (Sq ft)
9,869 SF
Property type
Retail properties
Property subtype
Lifestyle centers

Description

This exceptional 9,869 square foot shopping center in Manchester, NH, presents a compelling investment opportunity. Located at 926-950 S Willow St, this single-story, fee-simple property boasts a 7.00% cap rate and a strong NOI of $366,200. The 100% occupancy is anchored by four national and regional tenants: Chipotle, Mattress Firm, Hannoush Jewelers, and The Great Greek Mediterranean Grill, all operating under net leases, minimizing landlord responsibilities. The property sits on a 0.95-acre lot and benefits from scheduled rent increases, providing a hedge against inflation. Its prime location on S Willow Street (NH Route 28), a major commercial corridor, offers excellent visibility and accessibility, with high daily traffic counts exceeding 28,200 vehicles. Proximity to I-293 and I-93, along with nearby major retailers and a strong demographic profile (89,800 people within 3 miles, average household income $86,370), further enhances its investment appeal. Lease terms vary, with some tenants having multiple renewal options, ensuring long-term income stability. Built in 1988, this well-maintained property offers a secure and profitable investment for passive investors. The property is strategically positioned near the Mall of New Hampshire and other significant retail destinations.

926-950 Willow St, Manchester, New Hampshire
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Location Insight

City
Manchester
County
Hillsborough
State
New Hampshire
Latitude
42.9631
Longitude
-71.4418

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