283 S Willow St Manchester, NH 03103
Property Lookup
Property profile & analytics
283 S Willow St Manchester, NH 03103
- Warehouses
- 2,070 SF
- 0.46 lot acres
Property ID
US58-0014172
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Jiffy Lube / Auto Repair Shop
Property Details for 283 S Willow St
- Year built
- 2004
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.46 lot acres
- Property size
- 2,070 SF
- Property type
- Warehouses
- APN
- MNCH M:0299 B:000 L:0027
- APU
- MNCHM0299B000L0027
Description
This exceptional investment opportunity presents a fee-simple ownership of a 2,070 square foot Jiffy Lube located at 283 S Willow St, Manchester, NH 03103. The property sits on a 0.46-acre lot and boasts a prime corner location, ensuring high visibility and accessibility from both S Willow St and Alpheus St. Built in 2004, this single-story building is currently 100% occupied under an absolute NNN lease with a franchisee tenant. The lease, recently extended, has a remaining term of 8.9 years, expiring October 31, 2033, and includes 10% rent bumps every five years. The current asking price is $1,624,000, generating a Net Operating Income (NOI) of $105,600 and a 6.50% cap rate. The tenant, a highly reputable operator with over 100 locations, demonstrates strong financial stability and commitment to the location. This investment offers significant advantages, including a long-term lease with built-in rent increases, minimal landlord responsibilities due to the absolute NNN lease structure, and a location within a densely populated area (approximately 101,000 people within a 3-mile radius). The quick lube sector's resilience to economic downturns further enhances the investment's appeal. This property represents a secure and potentially lucrative investment opportunity in a thriving market. Note: Consult with your tax professional regarding potential tax benefits.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Manchester
- County
- Hillsborough
- State
- New Hampshire
- Longitude
- -71.4539
- Latitude
- 42.9694
- CBSA code
- 31700
- CBSA name
- MANCHESTER-NASHUA, NH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$16,206
$490,800
$368,500
$859,300
-
$0.00
$0.00
$0.00
