926-950 Willow St Manchester, NH 03103
- Lifestyle centers
- 9,869 SF
- 0.95 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 926-950 Willow St
- Year built
- 1988
- Lot size
- 0.95 lot acres
- Property size
- 9,869 SF
- Property type
- Lifestyle centers
- Property subtype
- Power 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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Manchester
- County
- Hillsborough
- State
- New Hampshire
- Longitude
- -71.4418
- Latitude
- 42.9631
