384 Washington St - Retail FOR SALE


Claremont, NH 03743
$3,040,000 USD
781-776-4006
384 Washington St, Claremont, NH for Sale
$3,040,000 USD
Retail - FOR SALE
1/5
null | 5% Cap Rate

384 Washington St
Claremont, NH 03743


HIGHLIGHTS

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

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive sale of a new construction, corporate leased Chipotle investment property located at 384 Washington Street in Claremont, New Hampshire (the “Property”). Chipotle executed a 15-year Double Net (NN) 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 Chipotle 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

$3,040,000 USD

PRICE/SF

$724 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,507 SF

ZONING

-

APN/PARCEL ID

CLMN-000146-000000-000016

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.