384-392 Washington st - Retail FOR SALE


Claremont, NH 03743
$2,631,579 USD
781-776-4006
384-392 Washington st, Claremont, NH for Sale
$2,631,579 USD
Retail - FOR SALE
1/6
null | 4.75% Cap Rate

384-392 Washington st
Claremont, NH 03743


HIGHLIGHTS

  • New Construction - Long Term Lease
  • Attractive Rent Increases
  • Corporate Tenant
  • Zero Landlord Responsibilities
  • Strategic Retail Location
  • High Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive sale of a new construction, corporate ground leased Wendy’s investment property located at 384 Washington Street in Claremont, New Hampshire (the “Property”). Wendy’s has 19+ years remaining on their Absolute NNN Ground Lease with four (4), 5-year renewal options. The lease features attractive 10% rent increases every five years throughout the primary lease and at the start of each renewal option. The new construction Wendy’s is well-located along Washington Street (NH Route 103), the area’s primary commercial and commuter corridor. The Property is positioned in the heart of a large commercial cluster and is surrounded by retailers and restaurants that drive traffic to the area. The Property is also convenient to Downtown Claremont and the area’s residential neighborhoods providing a built-in customer base. The Property is positioned along NH Route 103 and offers convenient access to state roads and interstates, area schools, Valley Regional Hospital, Claremont Motorsports Park and River Valley Community College.

FOR SALE DETAILS

PRICE

$2,631,579 USD

PRICE/SF

$687 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

B2

APN/PARCEL ID

145/ / 26/ 1/

ASK ABOUT THIS PROPERTY

Matthew NadlerHorvath & TremblayMore Info
781-776-4006

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Matthew NadlerHorvath & TremblayMore Info
781-776-4006

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.