550 Amherst StNashua, NH 03063

Property Details for 550 Amherst St

Year built

2006

Construction

STEEL FRAME

Lot size

1.83 AC

Property size (Sq ft)

14,736 SF

Zone code

GB

Property type

Retail properties

Property subtype

Other retail properties

APN

NASH M:H L:00646

APU

NASHMHL00646

Description

This exceptional investment opportunity presents a 48,342 square foot, 100% occupied, net-leased shopping center in Nashua, New Hampshire. The property boasts a diverse tenant mix including Walgreens, PetSmart, Charles Schwab, Crumbl Cookies, Clean Juice, and California Burritos, among others, totaling ten tenants. PetSmart recently extended its lease, demonstrating strong tenant commitment. The center features three buildings situated on a 5.4-acre lot and was constructed in 2006. The property benefits from a strategic location on Amherst Street (Route 101A), experiencing high daily traffic counts exceeding 38,900 vehicles. Its shadow anchor, Target, contributes to significant foot traffic, estimated at 1.5 million annual visits. Nashua's robust retail market, with a low 3.1% vacancy rate and no new construction, ensures sustained value. The property's strong financial performance is reflected in its Net Operating Income (NOI) of $1,100,633, with a remaining lease term of 8.1 years. All strip tenants have built-in annual rent increases or market reset options, resulting in a compound annual growth rate approaching 2.94%. The unanchored portion of the center (12,842 square feet) has seen significant leasing activity since 2021, with 7,242 square feet of new leases. This property offers a compelling combination of strong tenancy, high traffic counts, and a favorable market position, making it an ideal investment for discerning buyers. The property is situated on three separate tax parcels, providing flexibility for potential acquisition strategies.

Location Insight

City

Nashua

County

Hillsborough

State

New Hampshire

Latitude

42.7982

Longitude

-71.5331

CBSA code

31700

CBSA name

MANCHESTER-NASHUA, NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.